CFA Level 1 question and answers 100% correct 2024

CFA Level 1 question and answers 100% correct 2024George Hutchins, CFA, would like to perform a paired comparisons test on returns for the stocks of two real estate investment trusts. The test statistic that Hutchins should select for the paired comparisons test is the: - correct answer t-Stat Effective annual yield Money Market Yield - correct answer EAY = [(1 + HPY)^(365 / t)] − 1 rMM = HPY × (360/t); In the short run, a perfectly competitive firm's supply curve is: - correct answer upward sloping and its demand curve is perfectly elastic. Which of the following most accurately describes cash flow classification under U.S. GAAP and IFRS? - correct answer Dividends paid are a financing activity under U.S. GAAP and dividends received may be shown as an operating or investing activity under IFRS. U.S. GAAP requires unrealized gains and losses on available-for-sale securities to be reported: - correct answer as other comprehensive income on the statement of changes in owners' equity. Unrealized gains and losses on actively traded securities would be reported in the income statement. A financial analyst should treat deferred tax liabilities (DTLs) as equity if the DTLs are: - correct answer expected to increase each period. The major benefit of financial reporting standards is that they: - correct answer ensure that financial reports are usable by a wide