Which of the Following Is NOT a Result of the Financial

question 23

Multiple Choice

Which of the following is NOT a result of the Financial Reform Law of 2010?

• A)An Office of Financial Research was established.
• B)The SEC can sue lawyers, accountants, and other professionals, who know about a deceptive act, even if they weren't the wrongdoer.
• C)Institutions must disclose the amount of short selling in each stock.
• D)All of the above are characteristics of the Financial Reform Law of 2010.

---

Definitions:

LIFO Inventory Valuation

Last-in, first-out method, an inventory costing method where the last items purchased are the first ones considered sold.

Phantom Profits

Profits that are recorded on the books but do not result in an actual cash benefit, often due to accounting practices or non-cash expenses.

Paper

Paper refers to a thin material composed of processed cellulose fibers derived from wood, rags, or grasses, and used for writing, printing, or packaging.

Unit Price

The cost assigned to a single unit of a product or service, which helps consumers compare prices and make purchasing decisions.