On 6 January 2002,the All Ordinaries Index Closed at 3435

question 58

Multiple Choice

On 6 January 2002,the All Ordinaries Index closed at 3435 points and the June 2002 SPI 200 futures was priced at 3457 points.A speculator believes that share prices are likely to fall and so decides to sell June 2002 SPI 200 futures.One week later,when the All Ordinaries Index falls to 3417 points and the June 2002 SPI 200 futures falls to 3436 points,the speculator decides to reverse her position.How much profit/loss does the speculator make?

• A)$450 gain.
• B)$475 gain.
• C)$525 gain.
• D)$525 loss.

Calculate the changes in total assets given changes in liabilities and shareholders' equity.

Understand the composition of shareholders' equity.

Know what information is and is not included in the statement of changes in equity.

Distinguish between different types of financial statements and their specific purposes.

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Definitions:

Domain of Biology

A branch of science concerned with the study of living organisms and their interactions with each other and their environments.

Heredity

The biological transmission of characteristics from one generation to the next.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions different from one's own.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others and understand that others have beliefs, desires, and intentions that differ from one’s own.