Which of the following statements is true with regard to preferred stock (preference shares)? Multiple Choice Most preferred stock (preference shares) is reported under IFRS as equity. Most preferred stock (preference shares) is reported under U. S. GAAP as debt. Under IFRS, preferred stock dividends are reported in the income statement as interest expense. Under U. S. GAAP, mandatorily redeemable preferred stock is reported as equity.

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer