Land Dec. 1 31,600 25,200 Dec. 2 Dec. 2 6,200 11,600 Dec. 3 Dec. 5 25,000 6,100 Dec. 4 Dec. 6 12,500 1,200 Dec. 6 Dec. 7 29,200 17,100 Dec. 10 Bal. correct incorrect correct correct Notes Payable Dec. 1 12,700 54,600 Dec. 2 Dec. 2 2,000 23,800 Dec. 3 Dec. 5 9,600 14,500 Dec. 4 Dec. 6 4,800 2,600 Dec. 6 Dec. 7 11,300 37,100 Dec. 10 correct correct incorrect Bal. correct

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d. select short-term savings instruments to lock in earnings at a current high rates.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.