1. Which of the following statements is true?
A. The cumulative repricing gap can also be expressed as a percentage of liabilities.
B. The cumulative repricing gap can also be expressed as a percentage of equity.
C. The cumulative repricing gap can also be expressed as a percentage of assets.
D. None of the listed options are correct.
2. A company's beginning-of-the-year assets are $60,000 and liabilities are $40,000. During the year, the company reported income of $15,000, paid dividends of $5,000 and sold common stock for $4,000. Its year-end liabilities are $50,000. What is the end of the year total assets?
A) $74,000
B) $80,000
C) $84,000
D) $89,000