4. Which of the following is an assumption of fundamental analysis?

a.	Securities markets are efficient.
b.	Prices of securities rapidly reflect all publicly available information.
c.	The strong form of the efficient-markets hypothesis is true.
d.	Under-priced shares can be found in the securities market by means of financial statement analysis.

5. Which of the following is not a true statement?

a.	Comparability refers to accounting for similar transactions similarly and different circumstances differently.
b.	Comparability refers to comparing alternatives in order to make a decision.
c.	Comparability is an inherent quality of accounting numbers in the same sense that relevance and reliability are.
d.	Uniformity influences comparability.