On March 15, Complete Computer Service purchased a $25,000 building in exchange for a notes payable. The journal entry to record this transaction would be: ANSWER Unselected Date Accounts Debit Credit Building 25,000 Notes Payable 25,000 Unselected Date Accounts Debit Credit Notes Payable 25,000 Building 25,000 Unselected Date Accounts Debit Credit Cash 25,000 Building 25,000 Unselected Date Accounts Debit Credit Building 25,000 Cash 25,000

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

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Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable