When adjusting for an unpaid expense that has been incurred but not recorded, which of the following occur?

An old college friend provides you with a stock tip. He had heard that XYZ, Inc. was the sole patent holder in a new technology that will increase gasoline mileage on any automobile by 20%. You immediately purchase the stock for all client portfolios where it is suitable.

The revaluation model is:
I). An alternative to the cost model.
II). Not permitted under IFRS.
III). Not permitted under U.S. GAAP.

Starr Co. had 1997 sales of $210. Sales for 1998 increase by 15% and cost of goods sold remains
6 5% of sales. Starr Co.'s 1998 income statement will show gross profit of:

A coupon bond with duration of 4.75 has an initial price of par value. A 50 basis point decrease in required return would cause the price of $2,000,000 par value of this bond to: