An organization buys equity securities for trading purposes and sells them within a short time period. Which of the following is the correct way to value and report those securities at a financial statement date?

• A.At fair value with changes reported in the shareholders' equity section.
• B.At fair value with changes reported in net income.
• C.At amortized cost in the income statement.
• D.As current assets in the balance sheet

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Which of the following best describes an objective for an audit of an environmental management system?

• A.To assess whether an annual control review is necessary.
• B.To promote environmental awareness.
• C.To evaluate executive management oversight.
• D.To determine conformance with requirements and agreements.

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When using PERT (Program Evaluation Review Technique), the expected time for an activity when given an optimistic time (a), a pessimistic time (b),andamostlikelytime(m) is calculated by which one of the following formulas?

• A.(b - a) + 2
• B.(a + b) + 2
• C.(a + 4m+b) + 6
• D.(4abm) + 6

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A bond that matures after one year has a face value of S250,000 and a coupon of $30,000. if the market price of the bond is 5265,000, which of the following would be the market interest rate?

• A.12 percent.
• B.Less than 12 percent.
• C.More than 12 50 percent.
• D.Between 12.01 percent and 12.50 percent.

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A Gantt chart:

• A.Shows the critical path for a project.
• B.Is used for determining an optimal product mix.
• C.Shows only the activities along the critical path of a network.
• D.Does not necessarily show the critical path through a network.

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