CFA-Level-I Exam Question 501
That which specifies the probability that the random variable takes on a specific value is known as the
CFA-Level-I Exam Question 502
If a lessor appropriately classifies a lease as a sales-type lease, the following items related to the lease should be reported on the lessor's income statement in the first year of the lease:
I). Rental Revenue
II). Interest Revenue
III). Depreciation Expense
IV). Income (loss) on Sale of Leased Property
I). Rental Revenue
II). Interest Revenue
III). Depreciation Expense
IV). Income (loss) on Sale of Leased Property
CFA-Level-I Exam Question 503
Main Street contains 8 traffic lights. The lights work independently of each other and the probability one of the lights is green is 60%. The probability of travelling Main Street without stopping for a light is
_ ___% (to the nearest 0.1%)
_ ___% (to the nearest 0.1%)
CFA-Level-I Exam Question 504
Taylor Corporation purchased a new asset for $80,000. The asset had an estimated lifeof 5 years and an estimated salvage value of $20,000. What is the depreciation expense in the second year if the company uses the double-declining balance method?
CFA-Level-I Exam Question 505
Which of the following investments in debt securities would not normally be classified as long-term?