The minimum initial margin requirement for both long and short positions is set by the Federal Reserve Board and currently is 50%

Indicate whether the statement is true or false.

Answer: TRUE

Business

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During December 2016, Carroll Service Company performed $1,500 of services, but as of December 31, 2016, Carroll has not yet billed the clients

If Carroll fails to make an adjusting entry on December 31, 2016, indicate the effect on assets, liabilities, equity, and net income. Understated, Overstated, No Effect Assets Liabilities Equity Net Income What will be an ideal response

Business

Under the ideal conditions of perfect capital markets, dividend policy has no effect upon share

price. Indicate whether the statement is true or false

Business