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CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
If a company issues 60,000 shares at $0.25 each but the shares
have a par value of $0.20 each, what is the resulting contributed
surplus? - ANSWER-$3,000
What line item is not found in the statement of shareholders'
equity? - ANSWER-Debt issued or repurchased
What is not true about a partnership? - ANSWER-Partners cannot
be held liable for a debt
Which line item usually accounts for direct labor? - ANSWER-
Cost of goods sold
Select the statements below which are true. Select all that apply. -
ANSWER-Depreciation and amortization are non-cash expenses;
A company can be profitable but experience negative cash flows
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What are the 4 types of audit opinions? - ANSWER-Adverse,
unqualified, qualified, and disclaimer of opinion
Which of the following statements regarding a review engagement
is false? - ANSWER-A review engagement is used for financial
statements prepared for internal use
Select the following key lending ratios used to evaluate the
financial capacity of a business (select all that apply). - ANSWER-
Debt to equity ratio; Working capital ratio
Which of the following tools is NOT used to analyze a company? -
ANSWER-Porter's five forces
Which of the following tools are used to analyze a company? -
ANSWER-Firm lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable income is
an example of: - ANSWER-Economic factors
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Read the following 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. - ANSWER-Social factors
Read the following passage and determine which of the PESTEL
factors the described business is facing:
Mountain Transportation is a trucking company that provides in-
door deliveries of electronic products purchased through large
consumer electronics retailers in the US. Shawn, a truck driver at
Mountain Transportation, has filed a lawsuit with the company
regarding a violation of the Hours of Service regulations for
commercial drivers. Shawn claims that he has been forced to
work over 70 hours for the past couple weeks, due to a high
volume of customer orders. According to the Hours of Service
regulations, all commercial drivers may not drive after 60 hours on
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duty in 7 consecutive days and may only restart after taking 34 or
more consecutive hours off duty.
(Source: https://www.fmcsa.dot.gov/regulations/hours-
service/summary-hours-service-regulations) - ANSWER-Legal
factors
When competition within an industry is high, which of the following
is most likely to be true? - ANSWER-Buyers have high bargaining
power
Which of the following is most likely true for companies at the
maturity stage of the industry lifecycle? - ANSWER-Sales > Cash
Flow > Profit
According to the growth/share matrix, companies at maturity
have: - ANSWER-Low market growth and high market share
At which stage of the firm lifecycle would a company most likely
have high business risk, low financial risk, and generate neutral
net cash flow? - ANSWER-Growth
CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
If a company issues 60,000 shares at $0.25 each but the shares
have a par value of $0.20 each, what is the resulting contributed
surplus? - ANSWER-$3,000
What line item is not found in the statement of shareholders'
equity? - ANSWER-Debt issued or repurchased
What is not true about a partnership? - ANSWER-Partners cannot
be held liable for a debt
Which line item usually accounts for direct labor? - ANSWER-
Cost of goods sold
Select the statements below which are true. Select all that apply. -
ANSWER-Depreciation and amortization are non-cash expenses;
A company can be profitable but experience negative cash flows
,2|Page
What are the 4 types of audit opinions? - ANSWER-Adverse,
unqualified, qualified, and disclaimer of opinion
Which of the following statements regarding a review engagement
is false? - ANSWER-A review engagement is used for financial
statements prepared for internal use
Select the following key lending ratios used to evaluate the
financial capacity of a business (select all that apply). - ANSWER-
Debt to equity ratio; Working capital ratio
Which of the following tools is NOT used to analyze a company? -
ANSWER-Porter's five forces
Which of the following tools are used to analyze a company? -
ANSWER-Firm lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable income is
an example of: - ANSWER-Economic factors
,3|Page
Read the following 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. - ANSWER-Social factors
Read the following passage and determine which of the PESTEL
factors the described business is facing:
Mountain Transportation is a trucking company that provides in-
door deliveries of electronic products purchased through large
consumer electronics retailers in the US. Shawn, a truck driver at
Mountain Transportation, has filed a lawsuit with the company
regarding a violation of the Hours of Service regulations for
commercial drivers. Shawn claims that he has been forced to
work over 70 hours for the past couple weeks, due to a high
volume of customer orders. According to the Hours of Service
regulations, all commercial drivers may not drive after 60 hours on
, 4|Page
duty in 7 consecutive days and may only restart after taking 34 or
more consecutive hours off duty.
(Source: https://www.fmcsa.dot.gov/regulations/hours-
service/summary-hours-service-regulations) - ANSWER-Legal
factors
When competition within an industry is high, which of the following
is most likely to be true? - ANSWER-Buyers have high bargaining
power
Which of the following is most likely true for companies at the
maturity stage of the industry lifecycle? - ANSWER-Sales > Cash
Flow > Profit
According to the growth/share matrix, companies at maturity
have: - ANSWER-Low market growth and high market share
At which stage of the firm lifecycle would a company most likely
have high business risk, low financial risk, and generate neutral
net cash flow? - ANSWER-Growth
