Choose the correct statement.

Which of the following is an example of a conservative accounting policy?

BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100
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bonds outstanding.
6.25% convertible preferred stock, $100 par, 3,710 shares outstanding. Convertible into 3.3
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shares of common stock, Issue price $100
8% convertible preferred stock, $100 par, 5,604 shares outstanding. Convertible into 5 common
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shares, Issue price $80
12,380 warrants are outstanding with an exercise price of $40. Each warrant is convertible into 1
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share of common.
Average market price of common is $53.00 per share. Common shares outstanding at the
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beginning of the year were 45,888.
Net Income for the period was $200,000, while the tax rate was 40%.
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What was the after-tax interest charge?

Which statement is false regarding technical analysis?

The journal entry to record the sale or disposition of a depreciable plant asset always includes: