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AICPA CPA-Business Exam - Topic 3 Question 43 Discussion

Actual exam question for AICPA's CPA-Business exam
Question #: 43
Topic #: 3
[All CPA-Business Questions]

Commercial paper:

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Suggested Answer: C

Choice 'c' is correct. Although commercial paper has a secondary market available, it is generally not an active secondary market. Commercial paper is usually sold to the money markets by highly creditworthy companies.

Choice 'a' is incorrect. The maturity dates are generally less than 270 days.

Choice 'b' is incorrect. Commercial paper can be sold to the money markets through a variety of intermediaries including brokers, dealers, investment brokers, etC. It can also be sold direct from one company to another.

Choice 'd' is incorrect. The interest rate on commercial paper is below the prime rate, but generally above the Treasury bill rate.


by Youlanda at May 09, 2022, 06:15 PM

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Estrella
4 months ago
Lower interest rates than treasury bills? Really?
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Corazon
4 months ago
Nope, it generally doesn’t have an active secondary market.
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Ryan
4 months ago
Wait, I thought it had a secondary market?
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Mitsue
4 months ago
Totally agree, it’s a short-term debt instrument.
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Simona
5 months ago
Commercial paper usually matures in less than a year.
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Ernestine
5 months ago
Okay, I think I've got this. The key is to ensure the image reference in the YAML file includes the full path to the latest image in the registry, including the namespace. I'll go with option C.
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Jules
5 months ago
This seems pretty straightforward. I think option C is the way to go - set the dashboard permissions to allow access by es_analysts and add it to the navigation menu.
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Elli
5 months ago
The wording of these options is a bit confusing, I'll need to re-read them a few times to make sure I understand.
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