A trader who is buying options of longer maturities will pay more, and proportionately more, for the longer maturity options
Indicate whether the statement is true or false.
Answer: FALSE
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Which of the following statements about classification choices is correct?
A. GAAP classifies interest received as either an operating or investing activity, but IFRS requires it to be classified as an investing activity. B. GAAP allows interest paid to be classified as either an operating or financing activity, but IFRS requires that it be classified as a financing activity. C. GAAP classifies cash dividends paid as a financing activity, but IFRS allows them to be classified as either an operating or financing activity. D. GAAP classifies cash dividends received as an investing activity, but IFRS allows them to be classified as either an operating or investing activity.
Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Petty Cash for $383. B. A debit to Cash for $378. C. A credit to Cash for $383. D. A debit to Cash Over and Short for $5. E. A credit to Cash Over and Short for $5.
If a security does not qualify for an exemption, an issuer cannot offer it to the public
Indicate whether the statement is true or false
Emotional Distress. Lofton Johnson, a police officer employed by the West Virginia University Security Police, was called to the emergency room of the university's hospital to help subdue an unruly patient. Prior to Johnson's arrival, the patient had
informed the doctors and nurses in the emergency room that he was infected with acquired immune deficiency syndrome (AIDS). While Johnson assisted medical personnel in restraining the patient, the patient bit Johnson on the forearm. The patient had previously bitten himself, and his blood was in and around his mouth when he bit Johnson. On previous occasions, the officer had assisted in restraining AIDS patients, but it was always the hospital's procedure to inform him that these patients were infected with AIDS so that proper precautions could be taken. Although Johnson tested negative for AIDS on several subsequent occasions, he claimed that he suffered severe emotional distress as a result of the AIDS exposure—he was shunned by his family and co-workers and generally felt like a social outcast with an uncertain future. In his suit against the hospital to recover for emotional distress, what will the court decide? Explain.