A securities dealer stands ready to make a market in the security at any time. For this reason, dealers are also called ________
A) market makers
B) "brokers and dealers"
C) liquidity traders
D) demand dealers
A
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All of the following statements are true except:
a. The threshold for recording items as liabilities is a lower under IFRS than under U.S. GAAP. b. The threshold for recording items as liabilities is a lower under U.S. GAAP than under IFRS. c. IFRS requires a liability to be recorded as a present value amount. d. Under U.S. GAAP, a contingent item should be recorded as a liability if the loss or outflow is probable and can be reasonably estimated.
A stock's beta is more relevant as a measure of risk to an investor who holds only one stock than to an investor who holds a well-diversified portfolio.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. The fourth generation of computers was characterized by transistors, which are small switches that control electrical current. 2. Very large-scale integration (VLSI) circuits consist of a superchip created from extremely compact transistors and circuits on a silicon chip. 3. A server is a smaller version of a mainframe and performs many of the same functions as a mainframe but does not have the same data storage capacity. 4. Computers used by business and industry are classified as large, medium, and small. 5. PDAs are small handheld computers.
Identify which of the following statements is false.
A. The depreciation recapture provisions in Secs. 1245 and 1250 override the Sec. 337(a) nonrecognition rule if a controlled subsidiary corporation is liquidated into its parent corporation. B. Liquidating distributions made to minority shareholders in the tax-free liquidation of a controlled subsidiary corporation are treated by the liquidating corporation in the same way as nonliquidating distributions. C. Sec. 337(a) provides that the liquidating corporation recognizes no gain or loss on the distribution of property to the 80% distributee in a complete Sec. 332 liquidation. D. A corporation that distributes the stock of a subsidiary may elect to treat the distribution as a sale of the subsidiary's assets.