COMP-XM SAMPLE LATEST
BOARD QUERY EXAM
Which of the following does not appear on a balance sheet?
Accumulated Depreciation
Common Stock
Accounts Receivable
Retained Earnings
Profit Sharing - ANSWERS-Profit Sharing
Correct! Go to Page 3 of the Inquirer and find the Balance Sheet. Notice
what appears and what does not appear of the given answers. Profit
sharing belongs on the Income Statement.
Which of the following does not come after EBIT on the income
statement?
Interest Expense
Profit Sharing
Net Profit
Taxes
Depreciation - ANSWERS-Depreciation
Correct! Go to Page 3 of the Inquirer and find the Income Statement.
Note the items that appear above EBIT, including Depreciation.
END OF
PAGE 1
, COMP-XM SAMPLE LATEST
BOARD QUERY EXAM
Chester Company issues $28M in stock this year. Assuming the stock
price does not change from last December 31st close, how many total
shares will be outstanding?
3,195,736
2,000,000
704,757 - ANSWERS-3,195,736
Correct! Go to Page 2 of the Inquirer, the Stock Market Summary.
Notice Chester Company's closing price and their shares outstanding. If
they issued $28M in stock, there would be 628,366 new shares issued
($28,000,000 / $44.56). Total shares outstanding is 628,366 + 2,567,370
= 3,195,736.
If $1.00 of Digby's assets produces $0.94 in sales, what is the company's
Asset Turnover?
0.67
0.94
0.5
2.5 - ANSWERS-0.94
Correct! Asset turnover is Sales / Assets.
END OF
PAGE 2
BOARD QUERY EXAM
Which of the following does not appear on a balance sheet?
Accumulated Depreciation
Common Stock
Accounts Receivable
Retained Earnings
Profit Sharing - ANSWERS-Profit Sharing
Correct! Go to Page 3 of the Inquirer and find the Balance Sheet. Notice
what appears and what does not appear of the given answers. Profit
sharing belongs on the Income Statement.
Which of the following does not come after EBIT on the income
statement?
Interest Expense
Profit Sharing
Net Profit
Taxes
Depreciation - ANSWERS-Depreciation
Correct! Go to Page 3 of the Inquirer and find the Income Statement.
Note the items that appear above EBIT, including Depreciation.
END OF
PAGE 1
, COMP-XM SAMPLE LATEST
BOARD QUERY EXAM
Chester Company issues $28M in stock this year. Assuming the stock
price does not change from last December 31st close, how many total
shares will be outstanding?
3,195,736
2,000,000
704,757 - ANSWERS-3,195,736
Correct! Go to Page 2 of the Inquirer, the Stock Market Summary.
Notice Chester Company's closing price and their shares outstanding. If
they issued $28M in stock, there would be 628,366 new shares issued
($28,000,000 / $44.56). Total shares outstanding is 628,366 + 2,567,370
= 3,195,736.
If $1.00 of Digby's assets produces $0.94 in sales, what is the company's
Asset Turnover?
0.67
0.94
0.5
2.5 - ANSWERS-0.94
Correct! Asset turnover is Sales / Assets.
END OF
PAGE 2
