A company started the year with a normal balance of $68,000 in the Inventory account. During the year the following amounts were posted to the account: Debits of $45,000 and credits of $55,000. Choose the TRUE statement.

A. After these amounts are posted, the balance in the Inventory account is a credit balance of $58,000.
B. The normal balance of the Inventory account is a credit balance.
C. The inventory account is decreased by debits.
D. The debits and credits posted to the Inventory account caused it to decrease by $10,000.
E. More than one of the above statements are true

What is the difference between secure bonds and naked bonds?

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not