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CFA LEVEL 2 TESTS COMPILATION BUNDLE
CFA LEVEL 2 TESTS COMPILATION BUNDLE
[Show more]CFA LEVEL 2 TESTS COMPILATION BUNDLE
[Show more]Net realizable value 
 
(value inventory) correct answer: Sales price - (selling costs + completion costs) 
 
*all estimated figures 
 
Evaluate capital structure 
(3 considerations) correct answer: 1. Time series - changes in capital structure over time 
 
2. Cross-sectional - compare with compe...
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Add to cartNet realizable value 
 
(value inventory) correct answer: Sales price - (selling costs + completion costs) 
 
*all estimated figures 
 
Evaluate capital structure 
(3 considerations) correct answer: 1. Time series - changes in capital structure over time 
 
2. Cross-sectional - compare with compe...
2 types Foreign exchange spreads correct answer: spreads quoted by dealer, and spread in interbank market 
 
spreads by dealer depends on correct answer: 1) spread in interbank market 
2) size of transaction 
3) relationship between dealer and client 
 
spread in interbank market depends on correc...
Preview 2 out of 15 pages
Add to cart2 types Foreign exchange spreads correct answer: spreads quoted by dealer, and spread in interbank market 
 
spreads by dealer depends on correct answer: 1) spread in interbank market 
2) size of transaction 
3) relationship between dealer and client 
 
spread in interbank market depends on correc...
FCFF (using EBITDA) correct answer: FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv 
 
Converting FIFO to LIFO COGS correct answer: FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) 
 
Engle- Granger Test correct answer: Test whether 2 variables are cointegrated. Regress 1 data series again...
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Add to cartFCFF (using EBITDA) correct answer: FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv 
 
Converting FIFO to LIFO COGS correct answer: FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) 
 
Engle- Granger Test correct answer: Test whether 2 variables are cointegrated. Regress 1 data series again...
Equity equals: correct answer: Assets - Liabilities = Equity 
 
(4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: correct answer: B)Some factors that affect the generation of future cash flows are excluded. 
 
(8...
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Add to cartEquity equals: correct answer: Assets - Liabilities = Equity 
 
(4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: correct answer: B)Some factors that affect the generation of future cash flows are excluded. 
 
(8...
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