Which of the following are sources of income for an open-end mutual fund?
I. dividend and interest income
II. change in the discount or premium
III. capital gains
IV. change in NAV
A) I and III only
B) I, II and III only
C) I, III and IV only
D) II, III and IV only
Answer: C
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Which of the following is least useful in evaluating a company's financial statements?
a. Comparison of the company's current period data with accounting data from 5 years ago b. Comparison with other companies in the same industry c. Comparison with government economic data for the economy as a whole. d. Comparison of the company's current period data with that of the last year
Which of the following is a feature of Trade Related Aspects of International Property Rights (TRIPS)?
A) It mandates that patents must be protected for at least 30 years. B) It requires industrial designs to be protected for at least 25 years. C) Under it, countries have the right not to patent different processes, such as surgical methods. D) It prohibits countries from issuing compulsory licenses to force production of a patented product, even if the patent holder's rights are protected.
Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.
a. $1 billion b. $500 billion c. $1 trillion d. $3 trillion
Stancil Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2017. Assuming Stancil records deferred expenses using the alternative treatment, what would be the adjusting entry recorded on December 31, 2017?
A) Debit Rent Expense and credit Prepaid Rent for $6,750 B) No entry is needed since Rent Expense was recorded on October 1, 2017 C) Debit Prepaid Rent and credit Rent Expense for $2,250 D) Debit Prepaid Rent and credit Rent Expense for $27,000