5 questions will be shown from a total of 30 free practice questions to prepare you for CFA level 1 exam. Enjoy!
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1. A bookstore earned USD200,000 over the past year. At a tax rate of 40%, that bookstore incurs an income tax expense of USD80,000. Under which of the following accounting systems would the expense typically be categorized as an operating activity?
I. IFRS II. U.S. GAAP
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2. You are provided with the following information on a non-callable, non-convertible preferred stock:
Face value: GBP65.00 Annual dividend: GBP6.35 Maturity: Perpetual Embedded options: None Required rate of return: 8.75%
The intrinsic value of this stock is closest to:
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3. Keisha is looking to avoid purchasing power risk as much as possible. She should consider investing in which type of security?
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4. Haspiess Systems, Inc. and Signicomp Manufacturing enter into a netted interest rate swap, with a notional USD75M. Haspiess will pay a fixed 5%, and Signicomp will pay LIBOR + 75bp. LIBOR is 3.5%.
The first semiannual payment will be closest to:
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5. Given the following data, determine the cash flow from operations:
Sales = USD2,100m Increase in inventory = USD200m Depreciation = USD125m Increase in accounts receivable = USD75m Decrease in accounts payable = USD70m After tax profit margin = 35% Gain on sale of machinery = USD30m
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The average score is 61%
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腦海中有大膽的想法嗎分別並告訴我們
腦海中有大膽的想法嗎