One provision of the Dodd-Frank Act was creation of the Financial Stability Oversight Council
This council is charged with identifying nonbank financial companies that could increase the risk of collapse of the entire financial system. This risk is called
A) market risk.
B) systemic risk.
C) diversifiable risk.
D) enterprise risk.
Answer: B
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Jaime has a basis in her partnership interest of $50,000 when the partnership distributes (in an operating distribution) two parcels of land to Jaime, each valued at $30,000. Prior to the distribution, the partnership's basis in parcel A is $40,000 and the basis in parcel B is $20,000. Jaime allocates $20,000 of basis to parcel A and $30,000 of basis to parcel B.
Answer the following statement true (T) or false (F)
The ________ creativity technique begins in a thought that is written down, then proceeds to develop other thoughts that are linked to the first thought, and finally materializes a new idea by associating all the thoughts
A) mind mapping B) contextual analysis C) attribute listing D) reverse assumption analysis E) morphological analysis
Ryan Company purchased a machine on July 1 . 2013 . The machine cost $250,000 and has a salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending December 31 . 2014, would include a debit to Depreciation Expense of
a. $30,000. b. $15,000. c. $31,250. d. $15,625.
Which of the following groups should NOT be a part of the risk identification process?
A. Customers B. Project team C. Vendors D. Subcontractors E. All of these groups can be included in the risk identification process