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:

Confederacy

A league or alliance, especially of states or groups. Historically, it also refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States in 1860-1861.

Northern Officers

Military leaders from the Northern states of the United States, notably the Union side during the American Civil War, who held command positions.

Battle of Bull Run

The Battle of Bull Run refers to two significant battles during the American Civil War, known as the Battle of First Bull Run (or First Manassas) in 1861 and the Battle of Second Bull Run (or Second Manassas) in 1862, both named after a nearby creek in Virginia.

Much Blood

A phrase that might refer to situations or events characterized by a lot of violence or casualties.