What was the most likely cause of the actuarial gain reported in the reconciliation of the projected benefit obligation for the year ended 2008?

Stanley Bostwick, CFA, is a business services industry analyst with Mortonworld Financial. Currently, his attention is focused on the 2008 financial statements of Global Oilfield Supply, particularly the footnote disclosures related to the company's employee benefit plans. Bostwick would like to adjust the financial statements to reflect the actual economic...

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It Walters wants the manual to satisfy the requirements and recommendations of the Code and Standards, which of the following instructions is least appropriate to include in the section on fair dealing?

Carol Blackwell, CFA, has been hired to manage trust assets for Blanchard Investments. Blanchard's trust manager, Thaddeus Baldwin, CFA, has worked in the securities business for more than 50 years. On Blackwell's first day at the office, Baldwin gives her several instructions. Instruction 1: Limit risk by avoiding stock options....

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According to CFA Institute Standards of Professional Conduct, which of the following statements is most likely correct with regard to Holly's report and subsequent sale of his and his clients' shares of BigTime common stock?

Pat Wilson, CFA, is the chief compliance officer for Excess Investments, a global asset management and investment banking services company. Wilson is reviewing two investment reports written by Peter Holly, CFA, an analyst and portfolio manager who has worked for Excess for four years. Holly's first report under compliance review...

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High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively.

High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. As compared to the year ended 2007, High Plains' cash flow accrual ratio for the year ended 2008 is:A . higher.B . lower.C . the same.View AnswerAnswer: A Explanation: The...

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High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively.

High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. As compared to the year ended 2007, High Plains' cash flow accrual ratio for the year ended 2008 is:A . higher.B . lower.C . the same.View AnswerAnswer: A Explanation: The...

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Which of the following is least likely to prevent earnings manipulation?

High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. Which of the following is least likely to prevent earnings manipulation?A . The independent audit.B . SEC certification filed by High Plains' CEO and CFD . High Plains' bond covenants.View...

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A potential client contacted an employee and wanted detailed performance records of client accounts so he can decide whether to invest with the firm."

A potential client contacted an employee and wanted detailed performance records of client accounts so he can decide whether to invest with the firm." Basch goes on to say that she is responsible for developing a presentation on the differences between the Prudent Investor and the Prudent Man rules for...

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What amount should Iberia report on its balance sheet at the end of 2009 as a result of its investments in Midland and Odessa?

Bryan Stephenson is an equity analyst and is developing a research report on Iberia Corporation at the request of his supervisor. Iberia is a conglomerate entity with significant corporate holdings in various industries. Specifically, Stephenson is interested in the effects of Iberia's investments on its financial performance and has decided...

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