题目内容

Which of the following is least likely a benefit of the direct method for reporting cash flow from operating activities? Compared with the indirect method, the direct method provides:

A. Supplementary data under U.S. GAAP.
B. Details on the specific sources of operating receipts and payments.
C. Insight on differences between net income and operating cash flows.

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According to behavioral finance, observed overreaction in securities markets most likely occurs due to:

A. Loss aversion.
B. gamblers fallacy.
C. Disposition effect.

Which of the following statements concerning regulatory bodies is least accurate? Regulatory bodies:

Act to level the playing field for market participants.
B. Help define minimum standards of practice for agents.
C. Require that regulated firms maintain optimum levels of capital.

Which of the following is least likely to appear in a companys proxy statement?

A. Compensation arrangements for management and directors
B. Significant events and contingencies that may affect future operations
C. Potential conflicts of interest between management,directors,and shareholders

A stock is declining in price and reaches a price range wherein buying activity is sufficient to stop the decline. This is best described as a:

A. Support level.
B. Resistance level.
Change in polarity point.

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