The first element of the Howey test requires that the investor enter the transaction with a clear expectation of making a profit on the money invested

Which of the following is a limitation of the balance sheet?

a. Many items that are of financial value are omitted. b. Judgments and estimates are used. c. Current fair value is not reported. d. All of these

Which of the following fields of business analytics can be used to report what has happened in the past?

a. Databases and data warehouses b. Descriptive analytics c. Predictive analytics d. Prescriptive analytics