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Basic Question 4 of 7

Which statement(s) is (are) false?

I. Disclosures are considered to be dynamic information, as a firm may disclose different information from period to period, depending on the performance of the firm.
II. The "Real Estate" provisions do not apply to real estate investments with leverage.
III. The GIPS standards mandate the use of certain calculation methodologies for composites, not for portfolios.

User Contributed Comments 2

User Comment
grew0001 good question
tybe0012 ouch
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe the key concepts of the GIPS Standards for Firms

CFA® 2025 Level I Curriculum, Volume 6, Module 4.