| 答案和详解如下： Question 66 The correct answer was B) Include too many financial services firms Exclude too many growth firms A screen for high dividend paying stocks will likely include a disproportionately high number of financial services firms as such firms typically pay higher dividends. A screen to identify firms with low P/E ratios will likely exclude growth firms from the sample as high expected earnings growth leads to high P/Es. This question tested from Session 10, Reading 42, LOS d Question 67 The correct answer was A) in a footnote. Gains or losses from changes in the market value of outstanding debt are not recognized. SFAS 107 requires disclosures about the fair value of outstanding debt based on year-end or quarter-end prices. These disclosures are made in a footnote to the notes to the financial statements. This question tested from Session 9, Reading 39, LOS f Question 68 The correct answer was A) collectibility of the lease payments by the lessor is unpredictable. The other choices are the criteria for a capital lease. This question tested from Session 9, Reading 40, LOS a Question 69 The correct answer was C) “In order to avoid conflicts of interest, board members should seek management approval prior to hiring external advisors.” Ideally, independent board members can hire external consultants without management’s approval. This enables the board to obtain advice on specialized issues that is not biased by the interests of management. This question tested from Session 11, Reading 48, LOS a Question 70 The correct answer was D) Cash ratio. The broadest measure of liquidity is the current ratio (current assets / current liabilities). A more restrictive indication of liquidity is the quick ratio [(current assets – inventory) / current liabilities]. The most restrictive measure of liquidity is the cash ratio [(current assets − inventory – receivables) / current liabilities], or simply (cash + short term marketable securities) / current liabilities. This question tested from Session 11, Reading 46, LOS a | 
发表于 2008-11-11 18:50
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