2020年CFA考试《CFA二级》考试共题，分为。小编为您整理精选模拟习题10道，附答案解析，供您考前自测提升！

1、【单选题】

A.2

B.1

C.3

正确答案:A

答案解析:A is correct. Both IFRS and US GAAP prohibit the reversal of impairment losses recognized using the equity method, even if the fair value later increases. Under the equity method goodwill is included in the value of the investment and is not tested separately. Impairment losses exceeding goodwill are allocated pro-rata to the unit’s non-cash assets when the investor has control over the investee, not under the equity method.

2、The balance sheet carrying value of Confabulated’s investment portfolio (in € thousands) at 31 December 2009 is closest to:【单选题】

A.112,000.

B.115,000.

C.118,000.

正确答案:C

答案解析:C is correct. Held for trading and available-for-sale securities are carried at market value, whereas held-to-maturity securities are carried at historical cost. €28,000 + 40,000 + 50,000 = €118,000.

3、Based on the analysts’ sales and expense forecasts and the data in Exhibit 1, their forecasted net profit for Darwin in 2016 will be closest to:【单选题】

A.€861 million.

B.€853 million.

C.€827 million.

正确答案:C

答案解析:A is correct.

4、Based on Ohalin’s estimates, the amount of joint venture revenue (in $ millions) included on BetterCare’s consolidated 2010 financial statements should be closest to:【单选题】

A.$0.

B.$715.

C.$1,430.

正确答案:A

答案解析:A is correct. Under the equity method, BetterCare would record its interest in the joint venture’s net profit as a single line item, but would show no line-by-line contribution to revenues or expenses.

5、For this question only, assume that Iron Parts reports under IFRS. The amount of periodic pension cost reported on P&L would be closest to:【单选题】

A.$48 million.

B.$69 million.

C.$127 million.

正确答案:C

答案解析:Amount reported under IFRS:

6、Should Thorpe most likely revise how he submitted his Fair Dealing defense to avoid violating Standard III(E): Preservation of Confidentiality?【单选题】

A.No.

B.Yes, he must delete the contact details.

C.Yes, he must remove the AUM percentage details.

正确答案:A

答案解析:

7、The difference between the yield on a zero-coupon, default-free nominal bond and the yield on a zero-coupon, default-free real bond of the same maturity reflects:【单选题】

A.investors’ expectations about future inflation only.

B.a premium for the uncertainty of future inflation only.

C.both, investors’ expectations about future inflation and a premium for the uncertainty of future inflation.

正确答案:C

答案解析:C is correct. The difference between the yield on a zero-coupon, default-free nominal 

8、Based on Exhibit 2, the short interest ratio expected for MQD Corporation is closest to:【单选题】

A.3.8339.

B.5.4975.

C.6.2462.

正确答案:A

答案解析:A is correct because Predicted value = 5.4975 + (-4.1589 × 0.40) = 5.4975 - 1.6636 = 3.8339.

9、Based on Exhibit 1, the expected active return from asset allocation for Fund X is:【单选题】

A.negative.

B.zero.

C.positive.

正确答案:B

答案解析:B is correct. Active return from asset allocation is derived from differences between the benchmark weight and the portfolio weight across asset classes. For Fund X, the expected active return from asset allocation is calculated as:

10、Is the relationship between the ratio of cash flow to operations and the ratio of net income to sales significant at the 5 percent level?【单选题】

A.No, because the R-squared is greater than 0.05.

B.No, because the p-values of the intercept and slope are less than 0.05.

C.Yes, because the p-values for F and t for the slope coefficient are less than 0.05.

正确答案:C

答案解析:C is correct. The p-value is the smallest level of significance at which the null hypotheses concerning the slope coefficient can be rejected. In this case the p-value is less than 0.05, and thus the regression of the ratio of cash flow from operations to sales on the ratio of