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NEW QUESTION: 1
When structuring the summary accounts hierarchy, what fact must you take into consideration?
A. You must include every parent value that is defined in the chart of accounts to a rollup group.
B. Grandparenting is not allowed (parents cannot become children).
C. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.
D. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.
Answer: C

NEW QUESTION: 2
In fired heater tubes, dissimilar weld metal cracking forms primarily on the _______ of the material.
A. Welds
B. All of the above
C. Outside
D. Inside
Answer: C

NEW QUESTION: 3
Fisher Black developed a technique to value American stock options using the Black-Scholes model called the pseudo-American call option model. The steps in the method are as follows EXCEPT:
A. For
each pseudo-option assumed
to expire on a dividend date, deduct
from the exercise price of the option the dividend payable on the date and the present value, using the risk-free rate, of all the remaining dividends to be paid after the dividend date during the term of the option
B. Select the European option with the highest value as the value of the American option
C. Using the Black-Scholes model, compute the value of each of the pseudo-options using unadjusted underlying stock price.
D. Compute the adjusted market price of the stock by deducting the present value, using the risk-free rate, of the future dividends payable during the remaining life of the option
Answer: C