QUESTION 28 Which of the following statements is correct? a. Using the six-step process, red flags are associated with areas of particular concern, especially poor performance b. Using the six-step process, the comprehensive analysis includes in-depth analysis of financial disclosure with a focus on earnings management. c. Using the six-step process, the corporate overview step includes earnings forecasting and footnote review. d. Using the six-step process, the accounting analysis includes summarizing all analytical components, emphasizing key decision points. QUESTION 29 The primary mission of the SEC is to a regulate the banking community and determine short-term interest rates b provide auditing services to corporations C. provide all federal and state regulations of business a.protect investors and maintain the integrity of the securities markets QUESTION 30 Financial markets are efficient if a. all corporations are audited annually b security analysts can beat the market consistently C. information is impounded immediately in price and in an unbiased fashion d. stock prices always go up QUESTION 31 To arrive at comprehensive income, start with net income and add or subtract a. discontinued operations b treasury stock purchases C. extraordinary items gains & losses from certain marketable securities & foreign currency translation