QUESTION 25 What is one difference between selling stock and selling bonds? O Stock represents ownership while bonds represent debt O Dividends must be paid to owners while payment of interest is optional O Common stock has a fixed return to the investor and bonds have a variable return O All of the above statements are true QUESTION 27 What would you expect to be the largest expense category on the income Statement of a merchandiser like Wal-Mart. Target or Home Depot Operating Expenses Depreciation Expense O Cost of Goods Sold O Marketing Expense QUESTION 29 What is the main purpose of the trial balance? To ensure all transactions have been recorded To ensure that total debits equal total credits O To ensure all transactions have been recorded correctly O All of the above are true