北京赛车pk10直播 www.cd2q.cn 立信CMA Part2考试新纲模拟题库03 第21题 Which of the following must be considered in measuring income? I. Estimates regarding future events II. Accounting methods used by the company III. The degree of informative disclosure about results of......
Which of the following must be considered in measuring income?
Estimates regarding future events
Accounting methods used by the company
The degree of informative disclosure about results of operations
Different needs of users
1、I, II, III, and IV
2、I, II, and IV only
3、I and II only
4、II and III only
Which of the following rules have accountants adopted regarding the recognition of revenues?
Revenues must be realized by a cash transfer.
Risk of ownership must have been effectively passed to the buyer.
Business transactions should be at arm's length with independentparties.
Revenue can be measured or estimated with substantial accuracy
1、I, II, and IV only
2、II and III only
3、II, III, and IV
4、I and II only
A business is showing an increase in receivables without a matching increase in sales. This may indicate that the company has
1、decreased its terms of credit
2、an increased number of customers.
3、become more efficient at delivering its products.
4、problems with collection of receivables.
Which of the following are elements of earnings quality?
Management's discretion in choosing from among accepted accounting principles.
Management compensation in relation to net earnings.
The degree to which assets are maintained.
The effect of cyclical and other economic forces on the stability of earnings.
1、I, III, and IV only
2、II and IV only
3、I, II, III, and IV
4、I and III only
Which of the following statements is true?
1、Financial statements generally do not make adjustments for inflation, so earnings may be significantly compounded over time.
2、Financial statements make adjustments for inflation every year and state the inflation rate for the year in the footnotes of the annual report
3、Financial statements need not make adjustments for inflation, as earnings automatically reflect the higher prices.
4、Financial statements generally make adjustments for inflation, so earnings may be clearly represented over time
An analyst develops the following probability distribution of returns for a stock based on three potential states of the market:The expected return and standard deviation for the stock are closest to
1、9.75% and 5.66%, respectively.
2、9.75% and 7.52%, respectively.
3、8.00% and 7.00%, respectively.
4、9.00% and 7.52%, respectively.
Under rational market conditions, which of the following investments would most likely have the most conservative rate of return?
1、US government bonds
2、Conservative growth stocks
3、US Treasury bills
What is the required rate of return for a stock with a beta of 1.3, when the risk-free rate is 5% and the market rate of return is 11%?
A firm wants to hedge the risk that market value of a corporate bond may fall. Which of the following actions should the firm take?
1、Buy a call option on a Treasury bond.
2、Buy a forward contract on a Treasury bond
3、Sell a forward contract on a Treasury bond.
4、Sell a put option on a Treasury bond.
What is a primary difference between stock splits and cash dividends?
1、Stock splits are usually paid quarterly; cash dividends are awarded annually.
2、Stock splits do not result in any taxable gain or loss; cash dividends are taxable.
3、Cash dividends are usually paid quarterly; stock splits are awarded annually.
4、Cash dividends do not result in any taxable gain or loss; stock splits are taxable.