If the difference between the Construction in Process and the Billings on Construction in Process account balances is a debit, the difference is reported as a current asset.

Given the term structure of interest rates and the duration mismatch between EPF's benchmark and its pension liability, the plan should be most concerned about a:

A. flattening of the yield curve. B. steepening of the yield curve. C. Large parallel shift up in the yield curve.

An individual who is thinking about buying a franchise

a. has little to go on as she tries to assess her prospects for success. b. can get a guarantee from any respectable franchiser as to what will happen should he or she buy one. c. usually has a very sound basis for judging the prospect of success by examining the performance of established franchises. d. none of the above.