| When performing the return calculations for real estate, which of the following best describes capital employed under the GIPS real estate provision? Your answer: B was incorrect. The correct answer was C) Beginning of period capital adjusted by time-weighted cash flows. 
 All return calculations must use beginning capital adjusted for time-weighted cash flows during the period. When performing the return calculations for real estate, which of the following best describes capital employed under the GIPS real estate provision? Your answer: B was incorrect. The correct answer was C) Beginning of period capital adjusted by time-weighted cash flows. 
 All return calculations must use beginning capital adjusted for time-weighted cash flows during the period. |