CFA-Level-I Exam Question 376
Assume a company's beginning shareholders' equity is $200 million, its net income for the year is
$ 25 million, its cash dividends for the year are $5 million, and there was no issuance or repurchases of common stock. The company's actual ending shareholders' equity is $220 million. What amount has bypassed the net income calculation by being classified as other comprehensive income?
$ 25 million, its cash dividends for the year are $5 million, and there was no issuance or repurchases of common stock. The company's actual ending shareholders' equity is $220 million. What amount has bypassed the net income calculation by being classified as other comprehensive income?
CFA-Level-I Exam Question 377
Under the P/E method derived from the DDM, which of the following does not impact the P/E ratio?
I). the expected divided payout ratio.
II). the required rate of return.
III). the expected growth rate of dividends.
I). the expected divided payout ratio.
II). the required rate of return.
III). the expected growth rate of dividends.
CFA-Level-I Exam Question 378
Utility curves will be very ______ for a less risk-averse investor.
CFA-Level-I Exam Question 379
Which of the following statements are false?
I). Long-term creditors have an avid interest in the accounts receivable turnover rate.
II). Operating income/Annual interest expense = Interest coverage.
III). Operating income/Average total assets = Return on equity.
I). Long-term creditors have an avid interest in the accounts receivable turnover rate.
II). Operating income/Annual interest expense = Interest coverage.
III). Operating income/Average total assets = Return on equity.
CFA-Level-I Exam Question 380
Default risk can be described as