Kelly Amadon, CFA, an investment adviser, has two clients: Ryan Randolf,65 years old, and Keiko Kitagawa,45 years old. Both clients earn the same amount in salary. Randolf, however, has a large amount
A. Only Randolfs portfolio.
B. Only Kitagawas portfolio.
C. Both clients portfolios.
查看答案
In accrual accounting, if an adjusting entry results in the reduction of an asset and the recording of an expense, the originating entry recorded was most likely a(n):
Accrued expense.
B. Deferred revenue.
C. Prepaid expense.
Which of the following is least likely to be a valid function/characteristic of money? Money:
A. Requires a double coincidence of wants.
B. Acts as a unit of account.
C. Provides a store of wealth.
The unemploym ent rate is best described as the ratio of unemployed to:
A. Total population of people who are of working age.
B. Labor force.
C. Labor force minus frictionally unem ployed.
Which of the following statements does not accurately represent the objectives of Global Investment Performance Standards (GIPS)? The GIPS standards:
A. Ensure consistent,accurate investment performance data in the areas of reporting,records,marketing,and presentations.
B. Obtain global acceptance of calculation and presentation standards in a fair,comparable format with full disclosure.
C. Promote fair competition among investment management firms in all markets by requiring common fee structures.