- All Exams Instant Download
________ accounting is mandatory for fixed- income securities.
________ accounting is mandatory for fixed- income securities.
A . Accrual
B . Cash
C . Flexible
D . Equal
E . Risk- free
F . Total
Answer: A
Explanation:
Accrual accounting must be used for fixed- income securities and all other securities that accrue income. Accrued income must be included in the market value calculation of the denominator and numerator.
Latest CFA Level 1 Dumps Valid Version with 3960 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
Subscribe
Login
0 Comments
