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NEW QUESTION: 1
In comparing companies with very different accounting practices, one way for an analyst to adjust for intangible items on the financial statements is to eliminate:
A. All amortization expense from the income statements
B. Both Aand B
C. Identifying the true economic value
D. All intangible assets from the balance sheets
Answer: B

NEW QUESTION: 2
Scott works for a regional brokerage firm. He estimates that Walkton Industries will increase its dividend by
$1.50 a share during the next year. He realized that this increase is contingent on pending legislation that would, if enacted, give Walkton a substantial tax break. The U.S. representative for Walkton's home district has told Scott that, although he is lobbying hard for the bill and prospects for passage look good, Congress's concern over the federal deficit could cause the tax bill to be voted down. Walkton has not made any statements regarding a change in dividend policy. Scott writes in his research report, "We expect Walkton's stock price to rise by at least $8.00 a share by the end of the year. Because the dividend will increase by $1.50 a share, the stock price gain will be fueled, in large part, by the increase in the dividend. Investors buying the stock at the current time should expect to realize a total return of at least 15 percent on the stock." Which of the following is/are true?
I. Scott violated the Standards because he used material inside information.
II. Scott violated the Standards because he failed to separate opinion from fact.
III. Scott did not violate the Standards.
A. II only.
B. III only.
C. I and II only.
D. I only.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
This question relates to Standard IV (A.2), Research Reports. Scott issued a research report stating that the stock price of Walkton is expected to rise to $8 a share "because the dividend will increase by $1.50 a share." Yet, he made this assertion fully aware the dividend will increase only if Congress enacts certain legislation, which is an uncertain prospect. By stating that the dividend will increase, Scott failed to separate fact from opinion. The information on the passing of legislation is not material inside information because it does not come from or pertain to company operations.

NEW QUESTION: 3
There are four blood types in humans: A, B, AB, and O.
An individual with blood type A has antibodies for B, so he or she can't receive type B blood. Similarly, a person with blood type B has antibodies for type A and can't receive type A blood. A person with AB blood type has no antibodies and can receive blood from anyone. A person with type O blood has both A and B antibodies and can receive blood only from someone else with type O blood. Based on this information, someone with type B blood can donate to
A. only blood group O.
B. only blood group AB.
C. blood groups B and AB.
D. only blood group B.
E. blood groups B and O.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Someone who has blood type B can donate blood to those who don't have antibodies for B.
These include other people with type B blood (they have antibodies for A only) and those with type AB blood (they don't have any antibodies).

NEW QUESTION: 4
An application is not responding on a user's workstation. After doing some research, a technician determines the drive is out of space. Which of the following should the technician do NEXT?
A. Implement storage alerts to be notified if it happens again
B. Ask the user what happened before the application stopped responding.
C. Identify files that can be deleted or removed.
D. Run diagnostics and review the system logs
Answer: A