AFP CTP Questions Answers

Certified Treasury Professional Questions and Answers

Question 161

Which of the following would MOST LIKELY cause a decrease in a company's deposited checks availability?

Options:

The depository bank institutes an earlier deposit deadline.

The Federal Reserve implements same-day presentment.

The company's lockbox bank implements weekend processing.

The company encodes its own checks prior to deposit.

Question 162

"Fees" in Country Y, which would be considered bribes in the United States, are ingrained in the commercial culture. A U.S. company doing business in Country Y:

Options:

may have moral but not legal issues with paying "fees" in Country Y.

is prohibited by U.S. law from paying "fees" in Country Y.

may receive an IRS tax credit for "fees" paid in Country Y.

may pay the "fee" in Country Y but cannot take an IRS tax deduction.

Question 163

The treasury analyst at RST Corporation has been asked to forecast cash levels for the company’s year-end balance sheet. The analyst has been given the following information:

What should the analyst project as the upcoming year-end cash balance?

Options:

$39 million

$47 million

$50 million

$74 million

Question 164

A company purchases a machine tool with an expected life of 3 years. Under the accrual accounting method, the equipment would be treated in which of the following ways?

Options:

As an asset, recorded on the balance sheet at acquisition cost and depreciated

As an asset, recorded on the balance sheet at purchase price and amortized

As a purchase, netted against retained earnings

As a purchase, recorded as an operating expense in the current period

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Certified Treasury Professional Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce