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NEW QUESTION: 1
A. Option A
B. Option D
C. Option B
D. Option C
Answer: C,D
NEW QUESTION: 2
Bubba is concerned about the liquidity of a possible municipal bond purchase. He is therefore probably
most interested in the rating supplied by which of the following?
A. White's
B. the bond buyers
C. Moody's
D. Dow Jones
Answer: A
Explanation:
White's. White's ratings are based on trading market data as opposed to the financial data of
the issue, which is used by Moody's as well as S&P.
NEW QUESTION: 3
In 1990, Teller Co. incurred losses arising from its guilty plea in its first antitrust action, and from a substantial increase in production costs caused when a major supplier's workers went on strike. Which of these losses should be reported as an extraordinary item?
A. Option A
B. Option D
C. Option B
D. Option C
Answer: D