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NEW QUESTION: 1
The primary beneficiaries of the AIMR-PPS are:
A. all investment professionals.
B. AIMR members.
C. current & prospective clients.
D. investment firms who adopt the standards.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Since the PPS strive to achieve greater uniformity and compatibility amongst the various performance presentations, clients who wish to compare investment results across various firms benefit the most. Note, however, the mere compliance of a firm with the PPS does not mean that clients should not perform due diligence before making investment decisions.
NEW QUESTION: 2
A middle-aged woman came to the emergency department with worsening dyspnea, pressure in head and increased respiratory rate. She was known to have pulmonary edema secondary to heart failure. On examination, there was tachycardia, tachypnea, and hypertension. ABGs were carried out which showed pH < 7.35, paCO2>42 mm of HG, and H2CO3 was also high. What is the likely diagnosis?
A. Metabolic acidosis
B. Respiratory alkalosis
C. Metabolic alkalosis
D. Respiratory acidosis
Answer: D
Explanation:
Explanation: The most likely diagnosis in the patient with pulmonary edema presenting with increased respiratory rates is respiratory acidosis because ph < 7.35, paCO2 >42 mm of Hg and H2CO3 is also high.
These, along with her symptoms of worsening dyspnea and pressure in the head are all indicators of respiratory acidosis.
NEW QUESTION: 3
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?
A. Pricing estimates cannot be used In the absence of pricing data.
B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C. Revenue and performance obligation liabilities are not dependent on billing.
D. Expected consideration value is applicable to all industries.
Answer: C,D