Total Returns on Mutual Funds Can Be Calculated by Adding

question 107

Multiple Choice

Total returns on mutual funds can be calculated by adding dividends distributed,capital gains distributed,and ________ and dividing this sum by the beginning NAV.

• A)beginning NAV - ending NAV
• B)ending NAV - beginning NAV
• C)dividends undistributed + capital gains undistributed
• D)beginning NAV + ending NAV
• E)ending NAV + beginning NAV

Understand the rationale and requirements for disclosing details related to deferred tax assets and liabilities.

Comprehend the concept of interperiod tax allocation and its impact on matching revenues with expenses.

Analyze the effects of future income tax rate changes on net income.

Gain insight into the criteria for establishing, increasing, or decreasing a deferred tax asset valuation allowance.

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Definitions:

Postconventional

A stage of moral development where individuals make ethical choices based on universal ethical principles and internalized values.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and personal beliefs.

Preconventional

The first level in Kohlberg's theory of moral development, where moral reasoning is based on individual needs and concrete rewards and punishments.

Conventional Role

Societal norms that dictate the expected behaviors, duties, and responsibilities of individuals based on their social or demographic characteristics, such as gender or age.