Miscellaneous Test for BAT/CFA

Consider a corporate bond with a yield of 6.8% and a municipal bond (with equivalent risk) with a 4.9% yield. Which of the following statements is most accurate?

Which of the following are the two most important tools available to the Federal Reserve?

According to Standard III(A) Loyalty, Prudence and Care, brokerage is an asset of the:

The asset or liability reported on the balance sheet for a defined benefit plan is equal to the plan’s funded status under:

Extraordinary items are:

Which of the following statements about proxy statements is least accurate? Proxy statements are:

The statement of changes in equity is least likely to provide information on the firm’s:

Using the lower of cost or market principle under U.S. GAAP, if the market value of inventory falls below its historical cost, the minimum value at which the inventory can be reported in the financial statements is the:

For a given lease payment and term, which of the following is least accurate regarding the effects of the classification of the lease as a finance lease as compared to an operating lease?

Ajax Company has a simple capital structure. Which of the following will NOT be found on its balance sheet?


This Test consists of 10 questions on Miscellaneous topics for BAT/CFA or any other entrance exam. All questions consists of 3 options & there is a time limit of 20 minutes to complete these 10 questions. There will be more upcoming tests so that students can prepare well for there targeted exams. Best of Luck.

Shivgan Joshi
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