Wall Street PrepPremiumExam| l l l l l
Actual Exam Questions | 100% Correct
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Answers|Verified2024Version
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What is generally not considered to be a
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pre- tax non-recurring (unusual or
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infrequent) item? - ....ANSWER
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>>>>Extraordinary gains/losses
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what is false about depreciation and
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amortization - ....ANSWER >>>>D&A may be
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classified within interest expense
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Company X's current assets increased by l l l l l
$40 million from 2007-2008 while the
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companies current liabilities increased by
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,$25 million over the same period. the cash
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impact of the change in working capital was
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- ....ANSWER >>>>a decrease of 15 million
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the final component of an earnings
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projection model is calculating interest
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expense. the calculation may create a
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circular reference because - ....ANSWER
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>>>>interest expense affects net income,
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which affects FCF, which affects the amount
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of debt a company pays down, which, in turn
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affects the interest expense, hence the
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circular reference
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a 10-q financial filing has all of the
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following characteristics except -
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................................................... ANSWER
>>>>issued four times a year. l l l l
Depreciation Expense found in the SG&A line l l l l l l
of the income statement for a
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manufacturing firm would most likely be
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attributable to which of the following -
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.................................................. ANSWER
>>>>computers used by the accounting l l l l
, department
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Actual Exam Questions | 100% Correct
l l l l l l
Answers|Verified2024Version
l l l l l
What is generally not considered to be a
l l l l l l l
pre- tax non-recurring (unusual or
l l l l l
infrequent) item? - ....ANSWER
l l l l
>>>>Extraordinary gains/losses
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what is false about depreciation and
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amortization - ....ANSWER >>>>D&A may be
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classified within interest expense
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Company X's current assets increased by l l l l l
$40 million from 2007-2008 while the
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companies current liabilities increased by
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,$25 million over the same period. the cash
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impact of the change in working capital was
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- ....ANSWER >>>>a decrease of 15 million
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the final component of an earnings
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projection model is calculating interest
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expense. the calculation may create a
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circular reference because - ....ANSWER
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>>>>interest expense affects net income,
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which affects FCF, which affects the amount
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of debt a company pays down, which, in turn
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affects the interest expense, hence the
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circular reference
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a 10-q financial filing has all of the
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following characteristics except -
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................................................... ANSWER
>>>>issued four times a year. l l l l
Depreciation Expense found in the SG&A line l l l l l l
of the income statement for a
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manufacturing firm would most likely be
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attributable to which of the following -
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.................................................. ANSWER
>>>>computers used by the accounting l l l l
, department
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