CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Test Prep
  5. CFA-Level-I

Free CFA-Level-I Exam Braindumps (page: 499)

Page 499 of 991
PDF with 3963 Questions

If a company fails to record a material amount of depreciation in a previous year, this is considered

  1. an accounting error.
  2. a change in estimate.
  3. an unusual item.
  4. a change in accounting principle.

Answer(s): A

Explanation:

This is neither unusual or a change, but simply an error.



Which of the following is/are current liabilities?

  1. Accounts receivable
    II. Cash advances received
    III. Advance magazine subscription payments received
    IV. Revenues from credit card fees
  2. II, III & IV
  3. II & III
  4. III & IV
  5. I, II, III & IV

Answer(s): A

Explanation:

Accounts receivable represent current assets.



Which of the following marketable securities would provide the greatest liquidity and stability?

  1. None of these answers
  2. All of these answers
  3. AA corporate bonds that mature in 5 years
  4. Common stock of a publicly held firm
  5. U.S. treasury bills

Answer(s): E

Explanation:

F. S. treasury bills would be the most liquid because the maximum maturity is 182 days (although most treasury bills purchased by firm's have a shorter maturity). In addition, the value of treasury bills would fluctuate less than the value of the common stock of another firm or long-term corporate bonds.



In a given period, the firm's beginning gross investment is 6,000 and ending gross investment is 10,000. The accumulated depreciation at the beginning was 500 and the ending balance in this account was 1,500. The firm uses straight-line depreciation. Then, the average depreciable life of the firm's assets is ________.

  1. 6.67 years
  2. 6 years
  3. 10 years
  4. 12 years

Answer(s): C

Explanation:

Note that: Average depreciable life = Ending Gross Investment/Depreciation expense. Depreciation expense = 1,500-500 = 1,000. Hence, ADL = 10,000/1,000 = 10 years.



Page 499 of 991



Post your Comments and Discuss Test Prep CFA-Level-I exam with other Community members:

Mikil commented on December 10, 2024
Great research for my test
Anonymous
upvote

Mikil commented on December 10, 2024
Great resource. I would tell others
Anonymous
upvote

Mikil commented on December 10, 2024
Great resource
Anonymous
upvote

Michelle commented on December 10, 2024
Great resource
Anonymous
upvote

ArulMani commented on December 10, 2024
It's very useful study for EMT exam
UNITED STATES
upvote

no name commented on December 10, 2024
helpful to recap the course
Anonymous
upvote

none commented on December 10, 2024
very helpful to recall the course
Anonymous
upvote

Sandeep Singh commented on December 10, 2024
All questions are from real exam.
UNITED STATES
upvote

Usman commented on December 10, 2024
It is a great collection but I have noticed that some answers are wrong. For example, it says that correct answer is B but the description of that answer matches with answer A. So it is advisable to read the answer's description as well.
Anonymous
upvote

Anamika commented on December 10, 2024
dumps are good and helpful
UNITED STATES
upvote

santosh k sharma commented on December 10, 2024
A good way to practice
Anonymous
upvote

Faith Egwuenu commented on December 09, 2024
The case studies/questions were very helpful.
Anonymous
upvote

Jaydin commented on December 09, 2024
Think I will do well on test I'm brave confident I swear no hard feelings
UNITED STATES
upvote

Jaydin grimball commented on December 09, 2024
I doing well thinks
UNITED STATES
upvote

Calista Eva commented on December 09, 2024
Good practice
UNITED STATES
upvote

mamatha commented on December 09, 2024
informative
Anonymous
upvote

Mishti commented on December 08, 2024
Preparing for certification
CANADA
upvote

Jbomb commented on December 08, 2024
I'll take the test and report back
KOREA REPUBLIC OF
upvote

Vic commented on December 08, 2024
Interesting answers
CANADA
upvote

Cristina commented on December 08, 2024
good questions
ROMANIA
upvote

kanhaiya kumar commented on December 08, 2024
awsome stuff
Anonymous
upvote

WILLIAM RIBEIRO RODRIGUES commented on December 08, 2024
Amazing place to learning and share knowleg.
BRAZIL
upvote

WILLIAM RIBEIRO RODRIGUES commented on December 08, 2024
Nice place to practice and learning.
BRAZIL
upvote

frans Bauwer commented on December 08, 2024
so far so good
BELGIUM
upvote

Karthick commented on December 08, 2024
@The Magic Beans Please update us after your exam.
SINGAPORE
upvote

HardHead commented on December 08, 2024
I searched for latest free braindumps in Google and I was brought to this site. I eventually bought the full version as the free version is not complete. It was too much money for me but with 50% sale I got 2 exams. Going to write my first exam this coming Monday. I am going to share my result once I write my exam. Stay Tuned!
INDIA
upvote

goku d soojaa commented on December 08, 2024
very important
INDIA
upvote

Johan commented on December 08, 2024
Would also appreciated comments, but this is already a big help
UNITED STATES
upvote

sANJAY commented on December 08, 2024
hARD QUESTIOS
Anonymous
upvote

Uday commented on December 08, 2024
Want to appear for snowpro core
Anonymous
upvote

M commented on December 07, 2024
96 : Answer is D
Anonymous
upvote

marco commented on December 07, 2024
i cant imagine
Anonymous
upvote

Felicia Simley commented on December 07, 2024
i cant download the premium version.. what to do please?
Anonymous
upvote

Felicia Simley commented on December 07, 2024
great questions on this one
Anonymous
upvote