Inventories - Study guides, Class notes & Summaries

CFA Exam questions Equity equals: - ANSWER-Assets - Liabilities = Equity (4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: - ANSWER-B)Some factors that affect the generation of future cash flows are excluded. (8)All of the following are current assets except: - ANSWER-B)goodwill. (9)The most likely costs included in both the cost of inventory and property, plant, and equipment are: - ANSWER-C) deliv...

CFA level 1 Exam Questions with Correct Answers Payables turnover = COGS/avg payables = 1969/(361+346)/2 = 5.57 Days in payables = 365/payables turnover = 65.6 CCC = DOH +DSO - Days in Pay = 49.4+39.4-65.6=23.2 - Answer-find the cash conversion cycle sales COGS Interest 123 110 Cash 108 105 receivables 318 286 inventories 248 285 Payables 361 346 notes payable 50 99 the deferred tax liability equals the difference between the value for accounting and tax purposes times t...

CFA Exam 108 Questions with Answers 2023 Equity equals: - CORRECT ANSWER Assets - Liabilities = Equity (4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: - CORRECT ANSWER B)Some factors that affect the generation of future cash flows are excluded. (8)All of the following are current assets except: - CORRECT ANSWER B)goodwill. (9)The most likely costs included in both the cost of inventory and prope...

Equity equals: - Answer- Assets - Liabilities = Equity (4)Shareholders' equity reported on the balance sheet is most likely to differ from the market value of shareholders' equity because: - Answer- B)Some factors that affect the generation of future cash flows are excluded. (8)All of the following are current assets except: - Answer- B)goodwill. (9)The most likely costs included in both the cost of inventory and property, plant, and equipment are: - Answer- C) delivery costs. (10)...

Clear confusing concepts on - terminologies, eg. Carrying Amount vs Acquisition cost - when to capitalise vs expense, eg. R&D costs, Costs of intangibles - how to recognise assets like bond and leases on Balance Sheet, Income Statement and Cash Flow Statement - how to measure book value/ carrying amount for assets eg. financial assets, inventories, PPE