Free CTFA Exam Braindumps (page: 14)

Page 14 of 113

On an accounting statement of cash flows an "increase(decrease) in cash and cash equivalents" appears as:

  1. A cash flow from operating activities
  2. A cash flow from investing activities
  3. A cash flow from financing activities
  4. None of the above

Answer(s): D



Uses of funds include a (an):

  1. Decrease in cash
  2. Increase in any liability
  3. Increase in fixed assets
  4. Tax refund

Answer(s): A



A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:

  1. Marginal tax rate
  2. Progressive tax structure
  3. Tax bracket
  4. Immovable tax structure

Answer(s): B



Average tax rate:

  1. Is the rate at which each dollar of taxable income is taxed on average; calculated by dividing the tax liability by taxable income
  2. Is the rate at which each dollar of taxable income is taxed annually; calculated by dividing the tax liability by taxable income.
  3. Is the rate at which each dollar of taxable income is taxed on average; calculated by dividing the tax liability by non-taxable income
  4. Is the rate at which each dollar of taxable income is taxed on average; calculated by dividing the tax liability by expenses

Answer(s): A



Page 14 of 113



Post your Comments and Discuss ABA CTFA exam with other Community members:

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
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JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

Alo commented on November 12, 2018
we shall see, just downloaded. Will report back
Anonymous
upvote