In calculating the net capital for a securities firms, which of the following is NOT an adjustment to the book value of net worth?

Question

Quizplus · Accepted Answer

Aggregate indebtedness is not an adjustment to the book value of net worth in calculating the net capital for securities firms; it is a factor in calculating aggregate indebtedness itself. Adjustments typically involve unrealized profits or losses, certain tax provisions, and deferred tax provisions, which affect the firm's financial health and regulatory compliance but are not directly related to aggregate indebtedness.

In Calculating the Net Capital for a Securities Firms, Which