Page |1
CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
What is the impact on cash flow from operations in the current
year based on the change in operating assets and liabilities listed
below?
Prior Year
Accounts receivable 1,725
Inventories 1,535
Accounts payable 1,325
Current Year
Accounts receivable 1,825
Inventories 1,785
Accounts payable 1,475 - ANSWER-= -200
What's the forecasted capital expenditure based on the
information below?
Net PP&E beginning of period: 15,000
Net PP&E end of period: 17,500
, Page |2
Depreciation expenses: 2,400 - ANSWER-= 4,900 = Net PP&E
end of period - Net PP&E beginning of period + Depreciation
expenses
What's the retained earnings end of period based on the
information below?
Retained earnings beginning of period: 7,500
Net income: 2,300
Dividends paid: 1,700 - ANSWER-= 8,100 = Retained earnings
beginning of period + Net income - Dividends paid
What's the depreciation expense based on the information below?
Depreciation (percent of sales): 4%
Revenues: 60,000
Gross profit: 25,000
PP&E: 40,000 - ANSWER-= 2,400 = Depreciation (percent of
sales)*Revenues
What's the forecasted EBIT based on the information below?
, Page |3
Revenues: 56,000
Cost of goods sold: 32,000
SG&A: 8,500
Depreciation: 2,700
Interest: 1,200
Taxes: 3,800 - ANSWER-= 12,800 = Revenues - Cost of goods
sold - SG&A - Depreciation
Select ALL the direct securities from the list below. - ANSWER-
Inventory, buildings, intellectual property
Which of the following does NOT describe the fixed charge of
security? - ANSWER-The borrower can trade its assets unless
there's a default on the loan payment.
Which of the following does describe the fixed charge of security?
- ANSWER-Securities with fixed charges are usually made up of
non-current assets; The financial institute has the legal rights to
the asset; The financial institute can take possession of the asset
to settle the debt in case of loan default.
, Page |4
Which of the following is typically used as floating charge
security? - ANSWER-Accounts receivable
Which of the following is NOT typically used as floating charge
security? - ANSWER-Machinery, land, letter of comfort
If a loan is secured by a limited corporate guarantee, what will
happen when the borrower is unable to repay the debt? -
ANSWER-The lender has the right to pursue the assets of the
company within a specific dollar amount.
Which of the following security assets are considered personal
property? Select ALL correct answers. - ANSWER-Bonds and
equities, Consumer goods
Which of the following security assets are NOT considered
personal property? Select ALL correct answers. - ANSWER-Land,
Factories, Office buildings
CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
What is the impact on cash flow from operations in the current
year based on the change in operating assets and liabilities listed
below?
Prior Year
Accounts receivable 1,725
Inventories 1,535
Accounts payable 1,325
Current Year
Accounts receivable 1,825
Inventories 1,785
Accounts payable 1,475 - ANSWER-= -200
What's the forecasted capital expenditure based on the
information below?
Net PP&E beginning of period: 15,000
Net PP&E end of period: 17,500
, Page |2
Depreciation expenses: 2,400 - ANSWER-= 4,900 = Net PP&E
end of period - Net PP&E beginning of period + Depreciation
expenses
What's the retained earnings end of period based on the
information below?
Retained earnings beginning of period: 7,500
Net income: 2,300
Dividends paid: 1,700 - ANSWER-= 8,100 = Retained earnings
beginning of period + Net income - Dividends paid
What's the depreciation expense based on the information below?
Depreciation (percent of sales): 4%
Revenues: 60,000
Gross profit: 25,000
PP&E: 40,000 - ANSWER-= 2,400 = Depreciation (percent of
sales)*Revenues
What's the forecasted EBIT based on the information below?
, Page |3
Revenues: 56,000
Cost of goods sold: 32,000
SG&A: 8,500
Depreciation: 2,700
Interest: 1,200
Taxes: 3,800 - ANSWER-= 12,800 = Revenues - Cost of goods
sold - SG&A - Depreciation
Select ALL the direct securities from the list below. - ANSWER-
Inventory, buildings, intellectual property
Which of the following does NOT describe the fixed charge of
security? - ANSWER-The borrower can trade its assets unless
there's a default on the loan payment.
Which of the following does describe the fixed charge of security?
- ANSWER-Securities with fixed charges are usually made up of
non-current assets; The financial institute has the legal rights to
the asset; The financial institute can take possession of the asset
to settle the debt in case of loan default.
, Page |4
Which of the following is typically used as floating charge
security? - ANSWER-Accounts receivable
Which of the following is NOT typically used as floating charge
security? - ANSWER-Machinery, land, letter of comfort
If a loan is secured by a limited corporate guarantee, what will
happen when the borrower is unable to repay the debt? -
ANSWER-The lender has the right to pursue the assets of the
company within a specific dollar amount.
Which of the following security assets are considered personal
property? Select ALL correct answers. - ANSWER-Bonds and
equities, Consumer goods
Which of the following security assets are NOT considered
personal property? Select ALL correct answers. - ANSWER-Land,
Factories, Office buildings
