Author Question: Which of the following are all permanent accounts? a. Cash, Rent Expense, owner's drawing b. ... (Read 73 times)

madam-professor · **on:** Jul 6, 2018

Which of the following are all permanent accounts?
a. Cash, Rent Expense, owner's drawing
b. Accumulated Depreciation, Notes Payable, owner's drawing
c. Cash, Prepaid Insurance, Notes Payable
d. Owner's capital, owner's drawing, Rent Expense

Question 2

Although high-quality municipal bonds are the most common proxy for a risk-free rate, Treasury bonds are another alternative.

Indicate whether the statement is true or false

wshriver · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

c

Answer to Question 2

FALSE
Explanation: Although Treasury bonds are the most common proxy for a risk-free rate, high-quality municipal bonds are another alternative.