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1. An investment, such as a bond, will have a higher expected return (or yield)

ID: 2623299 • Letter: 1

Question

1. An investment, such as a bond, will have a higher expected return (or yield) if it: (Points : 1)        has a higher purchase price.
       holds a higher rating, such as AAA or AA.
       carries greater risk.
       has been issued by a well-known company.

Question 2. 2. Revenue recognition rules state which of the following? (Points : 1)        A sale can only be recognized when cash changes hands.
       A sale can only be recognized when the title or ownership changes hands.
       It varies depending on the item and the nature of the sales contract.
       A sale can only be recognized when the product is received by the buyer.

Explanation / Answer

Hi,

Please find the answer as follows:

1) Option C

2) Option B

3) Option B

4) Option C

5) Option A

6) Option B

7) Option A

8) Option B

9) Option A

10) Option C

Thanks.