CPA Finance 認定 FIN 試験問題:
1. The following comments were recently made, relating to methods of issuing shares by a public company:
1.An offer for sale is an invitation to the public to buy shares that are not yet in issue.
2.A placing is an invitation to selected investors to buy either new shares or shares already in issue.
Which ONE of the following combinations (true/false) is correct?
A) Statement 1 = False, Statement 2 = False
B) Statement 1 = True, Statement 2 = False
C) Statement 1 = True, Statement 2 = True
D) Statement 1 = False, Statement 2 = True
2. Consider the following statements concerning financial options:
1.The time value of an option is the value assigned to the possibility that the price of the underlying item will move infavorof the option writer.
2.The time value of an option less its intrinsic value is equal to the option premium.
Which ONE of the following combinations (true/false) concerning the above statements is correct?
A) Statement 1 = False, Statement 2 = False
B) Statement 1 = True, Statement 2 = False
C) Statement 1 = True, Statement 2 = True
D) Statement 1 = False, Statement 2 = True
3. Pindar Co is an airport operator that is quoted on the Stock Exchange. Recently, the board of directors agreed to change the company's depreciation policy concerning airport runways. In future, these assets will be written off over 100 years rather than 50 years. This change is solely designed to increase reported profits over the next 50 years and thereby create a better impression to investors of company performance.
What is the maximum level of market efficiency that the board of directors is assuming to be consistent with suchbehavior?
A) Weak-form of efficiency
B) No form of efficiency
C) Semi-strong form of efficiency
D) Strong-form of efficiency
4. An analysis of the financial statements of a business reveals the following financial ratios:
1.A higher than average inventory holding period
2.A higher than average payment period for trade payables
3.A lower than average current ratio
4.A lower than average sales to working capital ratio
Which TWO of the above is consistent with a business being over-capitalized?
A) 2 and 3
B) 3 and 4
C) 1 and 4
D) 1 and 2
5. Consider the following statements concerning forward rate agreements (FRAs):
1.They can be tailored to the specific requirements of a customer.
2.They can be resold in the secondary market.
Which of the following combinations (true/false) is correct?
A) Statement 1 = False, Statement 2 = False
B) Statement 1 = True, Statement 2 = False
C) Statement 1 = True, Statement 2 = True
D) Statement 1 = False, Statement 2 = True
質問と回答:
| 質問 # 1 正解: D | 質問 # 2 正解: A | 質問 # 3 正解: A | 質問 # 4 正解: C | 質問 # 5 正解: B |














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