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