Which of the Following Is Not a Major Provision of the Dodd-Frank

question 2

Multiple Choice

Which of the following is not a major provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?

• A) New organizations to protect and inform consumers will be created
• B) greater transparency for trading exotic securities will be required
• C) stockholders will be permitted to have a say on corporate governance,including executive compensation,through nonbinding votes
• D) Fannie Mae and Freddie Mac will be liquidated

Recognize the importance of disclosing significant changes, such as changes in accounting principle or estimates, in interim reports.

Learn the criteria for reportability of operating segments under the revenue, profit or loss, and asset tests.

Understand how inventory and long-term contract losses are treated in interim financial reports.

Grasp the requirements for disclosing earnings per share and other key financial items in interim reports.

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Definitions:

Compounded Monthly

Compounded Monthly implies that interest is added to the principal sum of a deposit or loan each month and interest in the following month is then earned on the new principal sum.

Monthly Payments

Regular payments made every month, typically used in the context of loans, mortgages, or other installment plans.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, leading to interest on interest.

Monthly Payments

Regular payments made each month on a loan, mortgage, or other financial agreement.