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temp321 temp321
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5 years ago

Question 1.

Firms disclose financial statements in ________ and in ________.

• periodic filings to the federal government; annual reports to shareholders

• daily filings to the federal government; daily reports to shareholders

• monthly reports to shareholders; 5-year balance statements to the board of directors

• weekly filings with the SEC; monthly reports to the Fed

Question 2.

When someone takes out a mortgage loan to buy a house, the mortgage lender can take possession of the house and sell it if the borrower defaults on the loan because the house is being pledged as ________ for the loan.

• goodwill

• a liability

• insurance

• collateral
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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BobbyDBobbyD
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