Which of the Following Characteristics Are Correct Regarding the Old

question 43

Multiple Choice

Which of the following characteristics are correct regarding the old style option quotation system?
I. The system is known as OPRA - the Options Price Reporting Authority code.
II. The system has 3 data elements.
III. The system has 21 characters.
IV. The system has 5 characters.
V. The system is known as the OCC Series Key.
VI. The root symbol is the underlying stock's ticker symbol.

• A)I, II, III, and VI
• B)II, III, IV, and V
• C)I, II, and IV
• D)II, III, V, and VI
• E)III, V, and VI

Understand the classification and treatment of long-term stock investments in accounting.

Identify the appropriate accounting method (cost or equity) based on the level of ownership and influence.

Determine the effects of stock investments on financial statements, including revenue recognition and balance sheet presentation.

Apply the cost and equity methods for accounting for dividends received from long-term stock investments.

---

Definitions:

Negative Reinforcement

The process of strengthening a behavior by removing or avoiding a negative outcome or unpleasant stimulus as a result of the behavior.

Contingent Avoidance

A type of learning where a subject learns to perform a behavior to prevent the occurrence of an aversive stimulus.

Active Avoidance

A learning process in which an organism learns to perform a behavior to prevent or avoid an unpleasant stimulus.

Negative Reinforcement

The strengthening of a behavior by removing or avoiding a negative outcome or aversive stimulus when the behavior is performed.