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  3. 1. all of the following items are found on a compa

1. All of the following items are found on a company's income statement EXCEPT: A...

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Finance

1. All of the following items are found on a company's income statement EXCEPT:

A Depreciation Expense

B Current Liabilities

C Cost of Goods Sold

D Bond Interest Expense

2. A convertible bondholder converts. Which of the following is reduced?

A Current Assets

B Total Liabilities

C Net Worth

D Retained Earnings

3. Over a period of 18 months, prices of goods and services increase by 4%, and market interest rates increase by 5%. This signals that the economy is in a period of:

A depression

B prosperity

C inflation

D recession

4. Decreasing inventory levels are an indication of all of the following EXCEPT:

A consumer demand is increasing

B economic expansion is occurring

C consumer demand is high

D economic conditions are deteriorating

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