CMA-Financial-Planning-Performance-and-Analytics Exam Dumps - IMA CMA Certification Questions and Answers

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Questions 4

La Salle Company purchased 2.150 shares of Barry Chocolates Corporation's common stock at $25.16 per share on November 17 of last year. The broker's commission was $85. The shares were sold on January 11 of the current year for $27.50 per share. The broker's commission on the sale was $76 Barry declared and paid dividends of $0 50 per share on March 26. June 25. September 25. and December 23 during the last two years La Salle's current year income statement would reflect a realized gain of

Options:

$4,870

$4,946

$5,022

$5,031

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Questions 5

in order for the IT manager in cnarge of a company's disaster recovery plan to have complete planning documentation, he should ensure that the documentation includes all of the following except

Options:

the results of the latest disaster recovery test run

the phone numbers of key employees

vendors who win set up the hot site

program and operating system documentation

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Questions 6

COSO's Internal Control-Integrated Framework is the widely accepted internal control framework in the U S Five major Internal control components are Included in this framework Control environment consists of

Options:

management s identification and analysis of risks relevant to the preparation of financial statements according to generally accepted accounting principles

management's ongoing and periodic assessment of the quality of internal control performance to determine if controls are operating as intended

policies and procedures that management has established to meet its objectives for financial reporting

the actions, policies, and procedures that reflect the overall attitudes of top management directors and owners about internal control

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Questions 7

A company's return on investment will increase it expenses decrease by $100 and