Question

their specifications may not provide a good match to the actual risk exposure being hedged BOTH a & c. QUESTION 12 1. An audited financial statement having an "unqualified opinion" generally implies all of the financial data is true and accurate compliance with GAAP (generally accepted accounting principles) the firm is sound financially the book values reflect current market values the financial statement is not qualified for approval QUESTION 13 1. If an investor paid $97,710 for a 180 day, $100,000 U.S. Treasury bill, what would be the investor's return on investment quote as a money market yield (i.e, on a 360 day basis)? 10.2% 2.34% 2.29% 4.58% 4.69% QUESTION 14 1. A currency is said to be at a if the value of the currency in the forward market is than the value of the currency in the spot market. premium, less discount, less discount, more none of the above alternatives will correctly complete the sentence. QUESTION 15 1. Which of the following refers to the practice of selling a firm's accounts receivables? discounting factoring pledging asset based lending collateralizing QUESTION 16 1. The accounting process of capitalizing an asset's cost and then depreciating that cost over time is essentially an application of which of the following fundamental accounting principle? materiality principle historical cost principle full disclosure principle

Answer 1

12 ) An audited financial statement having an "unqualified opinion"

generally implies

Ans: compliance with GAAP (generally accepted accounting.

principles)

Explanation:

( unqualified opinion is a most common judgement which means reports are fair and appropriate and in are compliance with GAAP)