Which of the following is best characterized as a relative risk objective? A. Value at risk for the Fund will not exceed US$3 million. B. The fund will not lose more than €2.5 million in the coming 12-rnonth period. C. The fund will not underperform the DAX by more than 250 basis points.

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs