In Calculating the Net Capital for a Securities Firms, Which

question 24

Multiple Choice

In calculating the net capital for a securities firms, which of the following is NOT an adjustment to the book value of net worth?

• A)Aggregate indebtedness
• B)Unrealized profits
• C)An adjustment for certain tax provisions
• D)Deferred tax provisions
• E)Unrealized losses

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Definitions:

Approach/Approach

A decision-making conflict situation where an individual must choose between two equally appealing options.

Approach/Avoidance

Psychological concepts that describe an individual's motivation to move towards or away from a particular stimulus or situation.

Double Approach/Avoidance

A psychological conflict characterized by being drawn to and repelled by the same goal or option, which has both positive and negative aspects.

Defensive Coping

A coping mechanism that involves denying or avoiding reality to protect oneself from being psychologically harmed.