1、Which of the following is NOT a recommended procedure for complying with theStandards of Professional

Conduct relating to priority of transactions?【单选题】

A.Limit participation in equity IPOs.

B.Establish blackout or restricted periods.

C.DIsdose all personal securities holding to public.

正确答案:C

答案解析:向公众公开所有个人的证券持股情况并不是推荐的做法，严格限制个人参与私募和股票的IPO都是推荐的做法。另外，应该在给客户交易之前建立交易限制时期，这样基金经理不能提前于客户交易。

2、With respect to long-lived assets, which of the following statements is least accurate?The cost model for

long-lived assets:【单选题】

A.must be used under U.S.GAAP.

B.must be used for all classes of intangible assets under IFRS.

Cmay be used for some classes of assets while the revaluation model may be used for other classes under

IFRS.

正确答案:B

答案解析：IFRS允许企业既可以使用成本模型(cost model),也可以使用重估模型(revaluationmodel)。成本模型使用历史成本减去累计折旧或摊销。重估模型使用公允价值。相对地,U.S.GAAP要求采用成本模型。

同时，IFRS允许公司对于一些资产类别使用成本模型，对于另外一些资产类别使用重估模型，但是公司必须对于四分类的资产类别应用同样的模型，并且必须重新评估所有在已经分类的资产类别中的项目，以避免选择性的重新估值。


3、Participating preference shares are least likely to entitle the shareholders to participate in:【单选题】

A.addltlonal distribution of the company's assets upon liquidation.

B.corporate decisions through voting rights.

C.additional dividends if the company's profits exceed a predetermined level.

正确答案:B

答案解析:Participating preference shares do not entitle the shareholders to participate In corporate

Decision sthrough voting rights. But they do entitle them to (1) an additional dividend if the company's proflts exceed a prespecified level and (2) additional distribution of the company's assets upon liquidation,above the par.Section 3.2

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