Examples of political and regulatory risk include
A) changes in the tax deductibility of interest on municipal bonds.
B) changes in the capital gains tax rate.
C) changes in the exchange rates.
D) All of the above are correct.
E) Only A and B are correct.
Answer: E
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Refer to the following information for Tangent Corporation
• Common Stock, $1.00 par, 108,000 shares issued, 99,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $2,330,000 • Retained Earnings: $910,000 • Treasury Stock: 11,000 shares purchased at $33 per share If Tangent resold 1,300 shares of treasury stock for $23.00 per share, which of the following statements would be true? A) The Treasury Stock account would decrease by $21,450. B) The Paid-In Capital in Excess of Par-Common account would increase by $1,300. C) The Treasury Stock account would decrease by $42,900. D) The Retained Earnings account would increase by $29,900.
A broker hired as an employee must receive minimum wage and health insurance benefits.
a. true b. false