C214OA 2023 / NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

C214OA 2023 / NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ • Thestockpriceofacompanyincreasesandthemarket isdeemedefficient. Whatassumptioncanbemade?A. Anew, patented, productwasintroducedtothemarket. B. Newmachinerywaspurchasedwithauseful lifeof 20years. C. Managementisoptimizingitsresourcesandoperatingefficie ntly. D. Management hirednewemployeesandinvestedinatrainingprogram. • Whichstatementistrueabout howtheglobal market affectstheU.S. A.AbadoptionstradeexecutedbyaforeignsubsidiaryofaWall Street bankwill affectlayoffsoverseas. B.ABadderivativestradeexecutedbyaforeignsubsidiaryof aWall Street bankwill affectlayoffsoverseas. C.Americaninvestorsandfundmanagersmakedecisionsbasedonfin ancialreportingstandardsdevelopedandfinancial statements auditedoverseas. D.Foreigninvestorsandfundmanagersmakedecisionsbasedonfina ncialreportingstandardsdevelopedandfinancial statements auditedoverseas. • 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. C.Removingthetraderestrictionsandtariffswill resultinanet economiclosstotheoverall U.S. economy. D.Employeesandshareholdersof thedomesticindustrythat producetheprotectedgoodswill benefit andthenationwill behurt. • What dothecontent andstructureofabalancesheetreport? Theassets, liabilities, andequity atapoint intime • Whatisthebasisusedtocomputeacompany'sincometaxexpense? A.Pretaxaccountingincome. B. Taxableincome. C.Netoperati ngincome.D. Taxespaya ble. • What isthefirm’scashflowfromfinancing, usingthedataabove? NetIncome $10 00 DepreciationE xpense $30 0 Changeinoper atingassets $60 0 Changeinnet PP&E $50 00 Changeinlong-termLiabilities $1000 DividendsPaid $200