CFI CBCA CORE COURSE EXAM (ACTUAL 2025)
QUESTIONS AND VERIFIED ANSWERS
What is the main goal of using business writing
fundamentals?
To reduce mental effort
Which of the following statements describes a "Capacity"
strength or weakness for a company in the 5 Cs of credit
framework?
The net profit margin ratio is high.
If a company has net assets equal to $3.25 million but is sold
for $5.35 million, how much goodwill does the acquirer
record on their balance sheet?
$2.1 million
Intangible assets
Items of value, which have no physical substance, that are
used to generate revenues
Authorized shares
,The total number of shares a company can sell
Contingencies
Events that may or may not happen, depending on certain
circumstances
Commitments
Future obligations that a company has agreed to
If a company issues 60,000 shares at $0.25 each but the shares
have a par value of $0.20 each, what is the resulting
contributed surplus?
$3,000
What line item is not found in the statement of shareholders'
equity?
Debt issued or repurchased
What is not true about a partnership?
,Partners cannot be held liable for a debt
Which line item usually accounts for direct labor?
Cost of goods sold
Select the statements below which are true. Select all that
apply.
Depreciation and amortization are non-cash expenses; A
company can be profitable but experience negative cash flows
What are the 4 types of audit opinions?
Adverse, unqualified, qualified, and disclaimer of opinion
Which of the following statements regarding a review
engagement is false?
A review engagement is used for financial statements
prepared for internal use
, Select the following key lending ratios used to evaluate the
financial capacity of a business (select all that apply).
Debt to equity ratio; Working capital ratio
Which of the following tools is NOT used to analyze a
company?
Porter's five forces
Which of the following tools are used to analyze a company?
Firm lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable
income is an example of:
Economic factors
Read the following passage and determine which of the
PESTEL factors the described business is facing:
Fresh and Co. is a local grocery store operating in a small
town in Seattle since 2010. The store sells fresh vegetables,
fruits, meat, dairy, and other packaged products. In recent
years, people in the neighborhood have shown increasing
QUESTIONS AND VERIFIED ANSWERS
What is the main goal of using business writing
fundamentals?
To reduce mental effort
Which of the following statements describes a "Capacity"
strength or weakness for a company in the 5 Cs of credit
framework?
The net profit margin ratio is high.
If a company has net assets equal to $3.25 million but is sold
for $5.35 million, how much goodwill does the acquirer
record on their balance sheet?
$2.1 million
Intangible assets
Items of value, which have no physical substance, that are
used to generate revenues
Authorized shares
,The total number of shares a company can sell
Contingencies
Events that may or may not happen, depending on certain
circumstances
Commitments
Future obligations that a company has agreed to
If a company issues 60,000 shares at $0.25 each but the shares
have a par value of $0.20 each, what is the resulting
contributed surplus?
$3,000
What line item is not found in the statement of shareholders'
equity?
Debt issued or repurchased
What is not true about a partnership?
,Partners cannot be held liable for a debt
Which line item usually accounts for direct labor?
Cost of goods sold
Select the statements below which are true. Select all that
apply.
Depreciation and amortization are non-cash expenses; A
company can be profitable but experience negative cash flows
What are the 4 types of audit opinions?
Adverse, unqualified, qualified, and disclaimer of opinion
Which of the following statements regarding a review
engagement is false?
A review engagement is used for financial statements
prepared for internal use
, Select the following key lending ratios used to evaluate the
financial capacity of a business (select all that apply).
Debt to equity ratio; Working capital ratio
Which of the following tools is NOT used to analyze a
company?
Porter's five forces
Which of the following tools are used to analyze a company?
Firm lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable
income is an example of:
Economic factors
Read the following passage and determine which of the
PESTEL factors the described business is facing:
Fresh and Co. is a local grocery store operating in a small
town in Seattle since 2010. The store sells fresh vegetables,
fruits, meat, dairy, and other packaged products. In recent
years, people in the neighborhood have shown increasing
