1)Off-balance sheet financing implies that:

A.leases would be capitalized.

B.leases would not be capitalized in financial statements.

C.leases would be amortized in a separate account not in the lessee's balance sheet.

D.leases show up in the income statement, but not the balance sheet.

2)After the payment of a 25% stock dividend, an investor has 500 shares of stock and $400. What did the investor have prior to the stock dividend?

A.300 shares of stock

B.400 shares of stock and $400

C.400 shares of stock

D.625 shares of stock and $400

3) The TELE Co. has set a record date of Friday, July 22 for its rights offering. What is the ex-rights date?

A.Monday, July 18

B.Tuesday, July 19

C.Wednesday, July 20

D.Friday, July 22

E.Monday, July 25