Financial statements of kansas ltd (fr) for 2x13 are authorized by management and auditors on february 15, 2x13 for issuance on february 28, 2x13. on february 20, kansas settles as a plaintiff (payer of settlement) a 5 million euro lawsuit. cfo of kansas ltd (fr) makes a second decision regarding the presentation of the financial statements and decides this settlement does not need to be recognized in 2x13. he is:
(a) in compliance with the ifrs
(b) committing fraud
(c) manipulating data

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)