How Many Paragraphs Does the Standard Review Report for U

question 46

Multiple Choice

How many paragraphs does the standard review report for U.S. nonpublic companies or development stage companies have?

• A) One.
• B) Two.
• C) Three.
• D) Four.

---

Definitions:

Treasury Bills

Short-term government securities issued at a discount from their face value, maturing in a year or less.

Low Default Risk

A classification for bonds or other forms of debt that are deemed to have a minimal chance of the issuer failing to make the required payments.

Money Market

The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded, intended for short-term borrowing and lending.

Transaction Motive

The need to hold cash to satisfy normal disbursement and collection activities associated with a firm’s ongoing operations.