Fixed assets are assets whose balances will remain the same ...

[melina_rosy]

Fixed assets are assets whose balances will remain the same throughout the year.
 
  Indicate whether the statement is true or false

Question 2

Tim invested 1,000 in a mutual fund paying 8 per year. John invested 500 in the same fund. If
  both Tim and John keep their money invested for the same period of time, Tim will end up with
  twice as much money as John.
 
  Indicate whether the statement is true or false

[britb2u]

Answer to Question 1

FALSE

Answer to Question 2

TRUE