8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
CFI CBCA Core Course Assessments test bank
exam 2025-2026 latest version with complete
questions and accurate detailed answers
What is the main goal of To reduce mental effort
using business writing
fundamentals?
Which of the following The net profit margin ratio is high.
statements describes a
"Capacity" strength or
weakness for a company
in the 5 Cs of credit
framework?
Which of the following The risks associated with the industry are high.
statements describes a
"Condition" strength or
weakness for a company
in the 5 Cs of credit
framework?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
1/42
,8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
If a company has net $2.1 million
assets equal to $3.25
million but is sold for
$5.35 million, how much
goodwill does the
acquirer record on their
balance sheet?
Items of value, which have no physical substance, that
Intangible assets
are used to generate revenues
Authorized shares The total number of shares a company can sell
Events that may or may not happen, depending on
Contingencies
certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues $3,000
60,000 shares at $0.25
each but the shares have a
par value of $0.20 each,
what is the resulting
contributed surplus?
What line item is not found Debt issued or repurchased
in the statement of
shareholders' equity?
What is not true about a Partners cannot be held liable for a debt
partnership?
2/42
,8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
Which line item usually Cost of goods sold
accounts for direct labor?
Select the statements Depreciation and amortization are non-cash
below which are true. expenses; A company can be profitable but
Select all that apply. experience negative cash flows
What are the 4 types of Adverse, unqualified, qualified, and disclaimer of
audit opinions? opinion
Which of the following A review engagement is used for financial statements
statements regarding a prepared for internal use
review engagement is
false?
Select the following key Debt to equity ratio; Working capital ratio
lending ratios used to
evaluate the financial
capacity of a business
(select all that apply).
Which of the following Porter's five forces
tools is NOT used to
analyze a company?
Which of the following Firm lifecycle, Ansoff's matrix, SWOT analysis
tools are used to analyze
a company?
In assessing the PESTEL Economic factors
factors, consumer
disposable income is an
example of:
3/42
, 8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
Read the following Social factors
passage and determine
which of the PESTEL
factors the described
business is facing:
Fresh and Co. is a local
grocery store operating in
a small town in Seattle
since 2010. The store sells
fresh vegetables, fruits,
meat, dairy, and other
packaged products. In
recent years, people in
the neighborhood have
shown increasing demand
for organic farm products.
In response, many other
grocery stores and
supermarkets have started
selling organic vegetables
and fruits grown by local
US farmers.
4/42
CFI CBCA Core Course Assessments test bank
exam 2025-2026 latest version with complete
questions and accurate detailed answers
What is the main goal of To reduce mental effort
using business writing
fundamentals?
Which of the following The net profit margin ratio is high.
statements describes a
"Capacity" strength or
weakness for a company
in the 5 Cs of credit
framework?
Which of the following The risks associated with the industry are high.
statements describes a
"Condition" strength or
weakness for a company
in the 5 Cs of credit
framework?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
1/42
,8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
If a company has net $2.1 million
assets equal to $3.25
million but is sold for
$5.35 million, how much
goodwill does the
acquirer record on their
balance sheet?
Items of value, which have no physical substance, that
Intangible assets
are used to generate revenues
Authorized shares The total number of shares a company can sell
Events that may or may not happen, depending on
Contingencies
certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues $3,000
60,000 shares at $0.25
each but the shares have a
par value of $0.20 each,
what is the resulting
contributed surplus?
What line item is not found Debt issued or repurchased
in the statement of
shareholders' equity?
What is not true about a Partners cannot be held liable for a debt
partnership?
2/42
,8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
Which line item usually Cost of goods sold
accounts for direct labor?
Select the statements Depreciation and amortization are non-cash
below which are true. expenses; A company can be profitable but
Select all that apply. experience negative cash flows
What are the 4 types of Adverse, unqualified, qualified, and disclaimer of
audit opinions? opinion
Which of the following A review engagement is used for financial statements
statements regarding a prepared for internal use
review engagement is
false?
Select the following key Debt to equity ratio; Working capital ratio
lending ratios used to
evaluate the financial
capacity of a business
(select all that apply).
Which of the following Porter's five forces
tools is NOT used to
analyze a company?
Which of the following Firm lifecycle, Ansoff's matrix, SWOT analysis
tools are used to analyze
a company?
In assessing the PESTEL Economic factors
factors, consumer
disposable income is an
example of:
3/42
, 8/15/25, 12:24 PM CFI CBCA Core Course Assessments & Quizzes
Read the following Social factors
passage and determine
which of the PESTEL
factors the described
business is facing:
Fresh and Co. is a local
grocery store operating in
a small town in Seattle
since 2010. The store sells
fresh vegetables, fruits,
meat, dairy, and other
packaged products. In
recent years, people in
the neighborhood have
shown increasing demand
for organic farm products.
In response, many other
grocery stores and
supermarkets have started
selling organic vegetables
and fruits grown by local
US farmers.
4/42
