The following market information was gathered for the blender corporation. the firm has 1,000 bonds outstanding, each selling for $1,100.00 with a required rate of return of 8.00%. blenders has 5,000 shares of preferred stock outstanding, selling for $40.00 per share and 50,000 shares of common stock outstanding, selling for $18.00 per share. if the preferred stock has a required rate of return of 11.00% and the common stock requires a 14.00% return, and the firm has a corporate tax rate of 30%, then calculate the firm's wacc adjusted for taxes.

The answer is: A) True

Explanation:

According to the GASB (Governmental accounting Standards Board) Statement No. 34:

"Major funds are funds whose revenues, expenditures/expenses, assets, or liabilities (excluding extraordinary items) are at least 10 percent of corresponding totals for all governmental or enterprise funds and at least 5 percent of the aggregate amount for all governmental and enterprise funds. Any other fund may be reported as a major fund if the government's officials believe that fund is particularly important to financial statement users."