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NEW QUESTION: 1
In reference to AIMR-PPS, which of the following is/are true?
I. If the valuation of an investment asset is not based on current market value, it should not be included in total assets to which PPS are being applied.
II. Composites cannot not be presented as being in compliance unless all the firm'squalifying portfolios are accounted for in at least one composite defined according tosimilar strategy or investment objective.
III. A subsidiary may claim to be in compliance with the PPS even if the parent firm is not.
A. I, II and III
B. II and III only
C. I and III only
D. II only
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Assets to which AIMR-PPS cannot be applied are not to be considered while considering compliance. For example, investment instruments like the GIC whose valuation is not based on market conditions, must be excluded.

NEW QUESTION: 2
Big Easy Investment Banking, Inc., is participating in an Eastern account underwriting of $10 million of municipal bonds by agreeing to underwrite 10% of the issue. One week later, $4 million remains unsold but Big Easy has distributed $1.5 million of bonds.
What is the liability of Big Easy remaining in the account?
A. $400,000
B. $1,000,000
C. $0
D. $600,000
Answer: A
Explanation:
Explanation/Reference:
Explanation: $400,000. In an Eastern account, liability remains open until the entire syndication is closed.
Therefore, Big Easy has a liability for 10% of the unsold portion. Since the unsold portion is $6 million, the liability for Big Easy is 10% of that amount, which is $400,000.

NEW QUESTION: 3
Though there were much_______among critics over whether or not the play portrayed the "real" Paul Robeson, James Earl Jones's performance was_______deemed outstanding by audiences and critics.
A. harassment. evasively
B. controversy... unanimously
C. commentary... silently
D. discussion... privately
E. disappointment., instructively
Answer: B
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
You are the program manager of the GHY Program in your organization. It has come to your attention that some of the project managers in your program are adding time to each project activity in an effort to pad their durations in case some event happens in their project that will cause delays. What principle should you share with these project managers that counterattack the concept of padding activities with additional time?
A. Pareto's Law
B. 80/20 Law
C. Parkinson's Law
D. Law of Diminishing Returns
Answer: C

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