下载亿题库APP
联系电话:400-660-1360
请谨慎保管和记忆你的密码,以免泄露和丢失
请谨慎保管和记忆你的密码,以免泄露和丢失
2020年CFA考试《CFA一级》考试共240题,分为单选题。小编为您整理Financial Statement Analysis5道练习题,附答案解析,供您备考练习。
1、An analyst does research about cash flow classification.The initial cash paymentfor an equity security is considered an investment cash flow.The securityis least likely to be classified as:【单选题】
A.held for trading.
B.held to maturity.
C.available for sale.
正确答案:A
答案解析:held for trading 归类为 cash flow from operation, held to maturity 和 available for sale 归类为 cash flow from investing。
1、The following selected data are available for a firm:
If the firm’s tax rate is 40%, the free cash flow to the firm (FCFF) is closest to:【单选题】
A.57.9.
B.74.7.
C.87.7.
正确答案:B
答案解析:“Understanding Cash Flow Statements,” Elaine Henry, CFA, Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, and Michael A Broihahn, CFA
2013 Modular Level I, Vol. 3, Section 4.3
Study Session: 8–27-i
Calculate and interpret free cash flow to the firm, free cash flow to equity, and performance and coverage cash flow ratios.
B is correct.
Calculate FCFF:
1、During a period of rising price and stable inventory levels, using the LIFO inventoryaccounting method results in cost of goods sold (COGS) that is:【单选题】
A.less than COGS using the FIFO method.
B.equal to COGS using the FIFO method.
C.greater than COGS using the FIFO method.
正确答案:C
答案解析:当物价上涨并且存货数量稳定时,后进先出法(LIFO)相对于先进先出法(聊)有更高的销货成本,因为后买进来的价格高的存货先作为成本统计。
1、All else being equal and ignoring tax effects, compared with using the straight-line method of depreciation, the use of an accelerated method of depreciation in the early years of an asset's life would most likely result in a decrease in the firm's:【单选题】
A.cash flow from operations.
B.asset turnover ratio.
C.shareholders' equity.
正确答案:C
答案解析:An accelerated method of deprecation produces greater expenses in the early years and lowers net income, which in turn lowers the retained earnings resulting in a decrease in shareholders' equity.
2014 CFA Level I
"Long-Lived Assets," by Elaine Henry and Elizabeth A. Gordon
Section 3.1
1、An analyst does research on the reclassification of non-current assets.A companyreclassifies a non-current asset from held-for-use to held-for-sale.At thattime, the asset's carrying value is greater than its fair value less costs to sell,and the company most likely recognizes:【单选题】
A.a gain.
B.a loss.
C.neither a loss nor a gain.
正确答案:B
答案解析:当管理层停止使用一项长期资产而改为出售时,该长期资产将被重新分类,即从“持有为使用”改为“持有为出售”;如果该长期资产在重新分类时的账面价值超过去除销售成本后的公允价值,则这部分减值需要确认,即将该长期资产减值到去除销售成本后的公允价值。
What are the indices for a skewed distribution?:What are the indices for a skewed distribution?
What are the responsibilities of the members in reference to the CFA Institute?:Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case
What members and candidates should notice in CFA examinations?:or security of the CFA examinations.(不能恶心CFA),考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case
微信扫码关注公众号
获取更多考试热门资料