题目内容

During a period of rising prices, the financial statements of a firm using first in first out (FIFO) reporting instead of last in first out (LIFO) reporting would show:

A. Higher total assets and higher net income.
B. Lower total assets and higher net income.
C. Higher total assets and lower net income.

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What is the most likely effect of an increase in volatility on the price of a:
Call option? Put option?What is the most likely effect of an increase in volatility on the price of a:
Call option? Put option?

A. Decrease Increase
B. Decrease Decrease
C. Increase Increase

Gloria Brown, CFA, is the founder and portfolio manager of the Everglades Fund. In its first year the fund generated a return of 35%. Building on the funds performance, Gloria created new marketing ma

A. No.
B. Yes,because he did not disclose the use of back-tested data.
C. Yes,because he failed to deduct all fees and expenses before calculating the funds track record.

Venture capital investments used to provide capital for companies initiating commercial manufacturing and sales are most likely to be considered a forma of :

A. first-stage financing
B. Mezzanine financing
C. second-stage financing

Karen Wilson, CFA, supervises eight junior analysts at Spartan Financial Services. Karen suspects that one of the analysts is violating Spartans personal investing policy. According to the Standards o

A. Initiate an investigation.
B. Notify her supervisor of the analysts suspected misconduct.
C. Require the analyst to liquidate and close all personal accounts.

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