2020年CFA考试《CFA二级》考试共题，分为。小编每天为您准备了5道每日一练题目（附答案解析），一步一步陪你备考，每一次练习的成功，都会淋漓尽致的反映在分数上。一起加油前行。

1、Based on Exhibit 1 and Note 1 in Exhibit 2, the amount that Ambleu should include in its 31 December 2017 revenue from Cendaró is closest to:【单选题】

A.NVK10.60 million.

B.NVK13.25 million.

C.NVK19.73 million.

正确答案:A

答案解析:A is correct. Crenland experienced hyperinflation from 31 December 2015 to 31 December 2017, as shown by the General Price Index, with cumulative inflation of 128.2% during this period. According to IFRS, Cendaró’s financial statements must be restated for local inflation, then translated into Norvoltian kroner using the current exchange rate. The 2017 revenue from Cendaró that should be included in Ambleu’s income statement is calculated as follows:

2、Using the real required rate of return Bourne obtains from the outside analyst's report and the data in Exhibit 3, Latino Telecom's firm's equity value ($ millions) is closest to:【单选题】

A.1,212.

B.1,386.

C.1,025.

正确答案:B

答案解析:

3、Which of Pereira’s statements describes an accounting warning sign of potential overstatement or non-sustainability of operating and/or net income?【单选题】

A.Statement 1

B.Statement 2

C.Statement 3

正确答案:B

答案解析:B is correct. Higher growth in revenue than that of industry peers is an accounting warning sign of potential overstatement or non-sustainability of operating income. Shortening the depreciable lives of capital assets is a conservative change and not a warning sign. An increase (not a decrease) in discounts and returns would be a warning sign.

4、For Concept 2, the statement is correct regarding:【单选题】

A.sensitivity analysis, but not correct regarding scenario analysis.

B.scenario analysis, but not correct regarding sensitivity analysis.

C.both sensitivity analysis and scenario analysis.

正确答案:A

答案解析:A is correct. The statement is correct for sensitivity analysis, but not for scenario analysis (in which several input variables are changed for each scenario).

5、Which property in Exhibit 1 would most likely require the greatest amount of active management?【单选题】

A.Property A

B.Property B

C.Property C

正确答案:B

答案解析:B is correct. Property B is a shopping center and would most likely require more active management than a single tenant office (Property A) or a warehouse (Property C); the owner would need to maintain the right tenant mix and promote the facility.