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CPA FIN Exam With Confidence Using Practice Dumps

Exam Code:
FIN
Exam Name:
Finance
Certification:
CPA Other Certification
Vendor:
CPA
Questions:
80
Last Updated:
Dec 22, 2024
Exam Status:
Stable
CPA FIN

FIN: CPA Other Certification Exam 2024 Study Guide Pdf and Test Engine

Are you worried about passing the CPA FIN (Finance) exam? Download the most recent CPA FIN braindumps with answers that are 100% real. After downloading the CPA FIN exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CPA FIN exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CPA FIN exam on your first attempt, we have compiled actual exam questions and their answers. 

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Finance Questions and Answers

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Question 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?

Options:

A.

Statement 1 = True, Statement 2 = True

B.

Statement 1 = True, Statement 2 = False

C.

Statement 1 = False, Statement 2 = True

D.

Statement 1 = False, Statement 2 = False

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Question 2

Sonoran Co recently evaluated an investment project that had an initial cash outlay followed by positive annual net cash flows over its life. The company employed the internal rate of return (IRR) and discounted payback period (DPP) methods for the investment appraisal. Later, it was discovered that the cost of capital figure used was incorrect and that the correct figure was higher.

What will be the effect on the IRR and DPP of correcting for this error?

Options:

A.

IRR = No change, DPP = No change

B.

IRR = Increase, DPP = Increase

C.

IRR = Decrease, DPP = Decrease

D.

IRR = No change, DPP = Increase

Question 3

A company is considering a project for investment which will cost $70,000 now and another $10,000 in year five.

The company has a cost of capital of 8%. The project has the following discounted cash flows:

YearDiscounted Cash Flows

$

123,148

230,007

319,846

414,701

What is its discounted payback period in years and months (to the nearest month)?

Options:

A.

2 years, 10 months

B.

3 years, 1 month

C.

3 years, 3 months

D.

3 years, 6 months

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