[PDF] Top 20 CFA 2018 Quest Bank R22 Financial Reporting Mechanics Q Bank

... 24.The following information is available about XYX Company: Contributed Capital, beginning of the year £ 100,000 Retained earnings, beginning of the year 450,000 Sales revenues earned d[r] ... Lihat dokumen lengkap

... 2. B is correct. Technical Analysis is based on trading data of security. This includes the price and volume data of past. The detail about the type and features of the security is not relevant for technical analysis. ... Lihat dokumen lengkap

... 7. Soma Autos employs debt financing, borrowing at a rate of 10%. The interest cost at this rate equals Rs.65 billion. For 8 million cars, what is the degree of financial leverage (DFL) for Soma given revenue per ... Lihat dokumen lengkap

... 15. In collecting information to conduct financial analysis on Budweiser‟s new product line of sparkling water, Simon Hayes found that Budweiser currently has a debt-to-equity ratio of 0.55 and the new product ... Lihat dokumen lengkap

... 60. Builders Co. owns several investment properties on which it earns rental income. It values the properties using the fair value model based on prevailing rental markets and prepares its financial statements ... Lihat dokumen lengkap

... 19. Omega Enterprises is in the process of developing a more efficient production process for one of its primary products. If the company prepares its financial statements in accordance with IFRS, the most ... Lihat dokumen lengkap

... 7. Andrew Corp. issues a bond to Brad Corp. worth $100,000. Interest rate payments schedule and rate have been agreed upon. However, due to Andrew’s financial instability, it may fail to make timely interest ... Lihat dokumen lengkap

... includes financial statement data (including book value of a company) and financial market data (market price of a ...as financial statement data is not reflected in a security‟s price in such ... Lihat dokumen lengkap

... 5. A is correct. The IOSCO is not a regulator of financial markets. To ensure consistent application of international financial standards, it is important to have uniform regulation and enforcement across ... Lihat dokumen lengkap

... 5. A is correct. The resulting deferred tax asset arising from the differences between tax and financial reporting will correct over time and will be a temporary difference. A valuation allowance would ... Lihat dokumen lengkap

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... 22. B is correct. If the company classifies financial assets as available for sale, unrealized gains and losses are shown as other comprehensive income and bypass the income statement. To make the net income of ... Lihat dokumen lengkap

... 30. A private company takes a loan from a bank to purchase an equipment. The company later increases the estimated useful life of an equipment during the year, which decreases the depreciation expense. What is the ... Lihat dokumen lengkap

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... 1. A is correct. Financial ratio analysis is limited by the use of alternative accounting methods. Accounting methods play an important role in the interpretation of financial ratios. The lack of ... Lihat dokumen lengkap

... 12. B is correct. When the IRR and NPV rules conflict in ranking projects, consider the NPV rule. The NPV of an investment represents the expected addition to shareholder wealth from an investment, and we take the ... Lihat dokumen lengkap

... 40. A kitchen appliance store prepares its financial statements in accordance with IFRS. The store has 500 mixer-grinders in its inventory. Each unit is sold at a price of $150. The store paid on an average of ... Lihat dokumen lengkap

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... 26. C is correct. An in-depth analysis of whether the financial statements are in accordance with the international accounting standards is part of the auditor’s scope. The analyst is required to check the audit ... Lihat dokumen lengkap

... central bank is able to adjust monetary policy to maintain price ...central bank to exercise independent monetary policy to buffer its economy from inflation or deflation of the target ... Lihat dokumen lengkap