Passage Two The Securities Exchange Act of 1936 established the Securities and Exchange (61) (SEC) and gave it authority (62) the securities markets. All brokers and dealers doing business in the organized markets must register (63) the SEC. A broker assists the trading process by buying or selling securities in the market for a (n) (64) . A dealer satisfies investors’ trades by buying and selling securities from his own inventory. In addition, attempts to (65) securities prices were declared illegal.
A. buyer
B. seller
C. investor
D. producer
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汉字输出码也称为汉字字形码。()
A. 对
B. 错
Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.Passage One
A. The same system as in the western countries.
B. A mono-banking system.
C. A modern banking system.
D. A commercial banking system.
Passage 2 Liabilities are obligations a company owes to outside parties. They represent rights of others to money or services of the company. Examples include bank loans, debts to suppliers and debts to employees. On the balance sheet, liabilities are generally broken down into current liabilities and long-term liabilities. Current liabilities are those obligations that are usually paid within the year, such as accounts payable, interest on long-term debts, taxes payable, and dividends payable. Because current liabilities are usually paid with current assets, as an investor it is important to examine the degree to which current assets exceed current liabilities. The most pervasive item in the current liability section of the balance sheet is accounts payable. Accounts payable are debts owed to suppliers for the purchase of goods and services on an open account. Almost all firms buy some or all of their goods on account. Therefore, you will often see accounts payable on most balance sheets. Long-term debt is a liability of a period greater than one year. It usually refers to loans a company takes out. These debts are often paid in installments. If this is the case, the portion to be paid off in the current year is considered a current liability. That wraps up our short review of liabilities. You only have one piece of the balance sheet left to learn shareholders’ equity. Remember that assets minus liabilities equals shareholders’ equity. Shareholders’ equity is the value of a business to its owners after all of its obligations have been met. This net worth belongs to the owners. Shareholders’ equity generally reflects the amount of capital the owners invested plus any profits that the company generates that are subsequently reinvested in the company. This reinvested income is called retained earnings. The phrase "retained earnings" in the last paragraph probably refers to "______".
A. the net worth belonging to the creditors and owners
B. part of the profits reinvested in the company
C. the amount of money the owners invested
D. the amount of money owed to the employees
由计算机打印输出的记账凭证,摘要可用字母或代码代替。()
A. 对
B. 错