For the Following Items Questions 220-227, Indicate Whether Each Should

question 6

Multiple Choice

For the following items Questions 220-227, indicate whether each should be (a) included or (b) excluded from the line item titled Cash and cash equivalents on the balance sheet.
-Shares of GM stock

• A)Included
• B)Excluded

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Definitions:

Maintenance Margin

The minimum account balance that must be maintained by an investor in a margin account after purchasing securities on margin.

Stock-index Futures

Futures contracts that use a stock index as the underlying asset, allowing investors to speculate on the future value of the index.

S&P 500

An index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.

DJIA

The Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.