C214OA / NEWEST ACTUAL
EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
• Whataresecondarymarkets?
A. Marketswheresecuritiesaretradedsubsequenttotheinitial offering.
B. Marketsweresecuritiesareissuedforthefirst time.
C. Marketsweresecuritiesareissuedthroughacompetitivesal e.
D. Marketswheresecuritiesareissuedthroughanegotiatedsal e.
• Aspecial interest group in the U.S. has been lobbying intensely for protectionismthrough
increased tariffsandtrade restrictions, with theargument thatit will
savejobsintheindustrytheyrepresent. What isthemost likelyresult if they aresuccessful?
A. Employeesandshareholdersof thedomesticindustrythatproducetheprotectivegoodswill
behurtandthenationwill benefit.
B. Theoverall economywill benefit fromtraderestrictionsandtariffs.
Employeesandshareholdersof thedomesticindustrythat
producetheprotectedgoodswill benefit andthenationwill behurt
C. Removingthetraderestrictionsandtariffswill resultinanet economiclosstotheoverall U.S. economy.
D.
, .
• What dothecontent andstructureofabalancesheetreport?
Theassets, liabilities, andequity atapoint intime
• What isthebasisusedtocomputeacompany'sincometaxexpense? A. Pretaxaccountingincome.
B. Taxableincome.
C. Netoperati ngincome.D. Taxespaya ble.
• What isthefirm’scashflowfromfinancing, usingthedataabove?
Net Income DepreciationE $10
xpense Changeinoper 00
atingassets Changeinnet $30
PP&E 0
$60
0
$50
00
Changeinlong-termLiabilities $1000
, DividendsPaid $200
EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS WITH
RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
• Whataresecondarymarkets?
A. Marketswheresecuritiesaretradedsubsequenttotheinitial offering.
B. Marketsweresecuritiesareissuedforthefirst time.
C. Marketsweresecuritiesareissuedthroughacompetitivesal e.
D. Marketswheresecuritiesareissuedthroughanegotiatedsal e.
• Aspecial interest group in the U.S. has been lobbying intensely for protectionismthrough
increased tariffsandtrade restrictions, with theargument thatit will
savejobsintheindustrytheyrepresent. What isthemost likelyresult if they aresuccessful?
A. Employeesandshareholdersof thedomesticindustrythatproducetheprotectivegoodswill
behurtandthenationwill benefit.
B. Theoverall economywill benefit fromtraderestrictionsandtariffs.
Employeesandshareholdersof thedomesticindustrythat
producetheprotectedgoodswill benefit andthenationwill behurt
C. Removingthetraderestrictionsandtariffswill resultinanet economiclosstotheoverall U.S. economy.
D.
, .
• What dothecontent andstructureofabalancesheetreport?
Theassets, liabilities, andequity atapoint intime
• What isthebasisusedtocomputeacompany'sincometaxexpense? A. Pretaxaccountingincome.
B. Taxableincome.
C. Netoperati ngincome.D. Taxespaya ble.
• What isthefirm’scashflowfromfinancing, usingthedataabove?
Net Income DepreciationE $10
xpense Changeinoper 00
atingassets Changeinnet $30
PP&E 0
$60
0
$50
00
Changeinlong-termLiabilities $1000
, DividendsPaid $200