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NEW QUESTION 51
Which form of capital market efficiency exists when share prices on the stock market reflect all information whether public or not?

A. allocative efficiencyB. information processing efficiencyC. semi-strong form efficiencyD. strong form efficiency

Answer: D

 

NEW QUESTION 52
Which one of the following parties provides information to ensure that the financial statements show a true and fair view?

A. tax consultantsB. shareholdersC. directors of the companyD. financial Institutions

Answer: C

 

NEW QUESTION 53
Which one of the following is an accurate definition of fair value of an asset?

A. The cost of replacing an asset with an identical item.B. The price for which an asset could be sold net of disposal costs.C. The price for which an asset could be sold in an orderly transaction between market participants at the measurement date.D. The amount yet to be written off over the remainder of the asset's useful life.

Answer: C

 

NEW QUESTION 54
Liquidity of a company is based on its ability to

A. meet short term commitments.B. meet long term commitments.C. pay dividends to shareholders.D. buy back shares.

Answer: A

 

NEW QUESTION 55
According to the IASB's Conceptual Framework, the key reason general purpose financial statements are produced is to satisfy the information needs of

A. management.B. internal users.C. employees.D. capital providers.

Answer: D

 

NEW QUESTION 56
......


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