1. Which of the following is NOT a normal balance?
a. a $6,000 credit balance in Discount on Bonds Payable
b. a $9,000 credit balance in Unearned Service Revenue
c. a $1,200 debit balance in Sales Returns and Allowances
d. a $10,000 debit balance in Treasury Stockch of following is not a normal balance?
2. Stock A has an average return of 0.08 and a standard deviation of 0.22. Stock B has an average return of 0.12 and a standard deviation of 0.34. The covariance between Stock A and Stock B is 0.04488. What is the correlation between Stock A and Stock B?
A) Negative
B) 0.0
C) 0.3
D) 0.6
E) 1.0