12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
CFI CBCA Core Course Exam COMPLETE
QUESTION AND ANSWER 100% Guaranteed Pass
CFI CBCA Core Course Assessments & Quizzes
Save
Terms in this set (223)
What is the main goal of To reduce mental effort
using business writing
fundamentals?
Which of the following The net profit margin ratio is high.
statements describes a
"Capacity" strength or
weakness for a company
in the 5 Cs of credit
framework?
Which of the following The risks associated with the industry are high.
statements describes a
"Condition" strength or
weakness for a company
in the 5 Cs of credit
framework?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 1/41
,12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
Which of the following Financial reports are not widely shared and
scenarios would NOT be performance measures have not been identified.
considered a strength
when assessing the
management team as part
of evaluating a company's
character?
Which of the following High asset turnover ratio
ratios most likely indicates
strong "Capacity" for a
company?
Select the correct formula Operating Margin Ratio = EBIT / Revenue
to calculate the operating
margin ratio.
Select the correct formula Inventory Turnover Ratio = Cost of Goods Sold /
to calculate the inventory Average Inventory
turnover ratio.
Which of the following Unutilized lines of credit or loans
most likely indicates
strong "Capital" for a
company?
Which of the following Collateral can be used as the main determinant of a
statements on collateral is credit decision.
NOT correct?
Which of the following PEST analysis
tools or methods is used
to assess the general
business environment?
Select the loan contract A demand loan with monthly payments secured by
with the lowest risk. assets
Which is not one of the Statement of equity
three main financial
statements?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 2/41
,12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
What does the balance The financial strength of the business
sheet indicate?
Financing activities Issuing shares and bonds
Payments to suppliers; Depreciation and amortization
Operating activities
expense
Investing activities Buying and selling equipment
Which is not a section in Management discussion and analysis
the financial statement
note disclosures?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
If a company has net $2.1 million
assets equal to $3.25
million but is sold for
$5.35 million, how much
goodwill does the
acquirer record on their
balance sheet?
Items of value, which have no physical substance, that
Intangible assets
are used to generate revenues
Authorized shares The total number of shares a company can sell
Events that may or may not happen, depending on
Contingencies
certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues $3,000
60,000 shares at $0.25
each but the shares have a
par value of $0.20 each,
what is the resulting
contributed surplus?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 3/41
, 12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
What line item is not found Debt issued or repurchased
in the statement of
shareholders' equity?
What is not true about a Partners cannot be held liable for a debt
partnership?
Which line item usually Cost of goods sold
accounts for direct labor?
Select the statements Depreciation and amortization are non-cash
below which are true. expenses; A company can be profitable but
Select all that apply. experience negative cash flows
What are the 4 types of Adverse, unqualified, qualified, and disclaimer of
audit opinions? opinion
Which of the following A review engagement is used for financial statements
statements regarding a prepared for internal use
review engagement is
false?
Select the following key Debt to equity ratio; Working capital ratio
lending ratios used to
evaluate the financial
capacity of a business
(select all that apply).
Which of the following Porter's five forces
tools is NOT used to
analyze a company?
Which of the following Firm lifecycle, Ansoff's matrix, SWOT analysis
tools are used to analyze
a company?
In assessing the PESTEL Economic factors
factors, consumer
disposable income is an
example of:
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 4/41
CFI CBCA Core Course Exam COMPLETE
QUESTION AND ANSWER 100% Guaranteed Pass
CFI CBCA Core Course Assessments & Quizzes
Save
Terms in this set (223)
What is the main goal of To reduce mental effort
using business writing
fundamentals?
Which of the following The net profit margin ratio is high.
statements describes a
"Capacity" strength or
weakness for a company
in the 5 Cs of credit
framework?
Which of the following The risks associated with the industry are high.
statements describes a
"Condition" strength or
weakness for a company
in the 5 Cs of credit
framework?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 1/41
,12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
Which of the following Financial reports are not widely shared and
scenarios would NOT be performance measures have not been identified.
considered a strength
when assessing the
management team as part
of evaluating a company's
character?
Which of the following High asset turnover ratio
ratios most likely indicates
strong "Capacity" for a
company?
Select the correct formula Operating Margin Ratio = EBIT / Revenue
to calculate the operating
margin ratio.
Select the correct formula Inventory Turnover Ratio = Cost of Goods Sold /
to calculate the inventory Average Inventory
turnover ratio.
Which of the following Unutilized lines of credit or loans
most likely indicates
strong "Capital" for a
company?
Which of the following Collateral can be used as the main determinant of a
statements on collateral is credit decision.
NOT correct?
Which of the following PEST analysis
tools or methods is used
to assess the general
business environment?
Select the loan contract A demand loan with monthly payments secured by
with the lowest risk. assets
Which is not one of the Statement of equity
three main financial
statements?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 2/41
,12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
What does the balance The financial strength of the business
sheet indicate?
Financing activities Issuing shares and bonds
Payments to suppliers; Depreciation and amortization
Operating activities
expense
Investing activities Buying and selling equipment
Which is not a section in Management discussion and analysis
the financial statement
note disclosures?
Balance Sheet Retained earnings; Share captial
Income Statement Rent expense
Cash Flow Statement Sale of property, plant and equipment
If a company has net $2.1 million
assets equal to $3.25
million but is sold for
$5.35 million, how much
goodwill does the
acquirer record on their
balance sheet?
Items of value, which have no physical substance, that
Intangible assets
are used to generate revenues
Authorized shares The total number of shares a company can sell
Events that may or may not happen, depending on
Contingencies
certain circumstances
Commitments Future obligations that a company has agreed to
If a company issues $3,000
60,000 shares at $0.25
each but the shares have a
par value of $0.20 each,
what is the resulting
contributed surplus?
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 3/41
, 12/8/25, 1:12 PM CFI CBCA Core Course Exam COMPLETE QUESTION AND ANSWER 100% Guaranteed Pass CFI CBCA Core Course Assessm…
What line item is not found Debt issued or repurchased
in the statement of
shareholders' equity?
What is not true about a Partners cannot be held liable for a debt
partnership?
Which line item usually Cost of goods sold
accounts for direct labor?
Select the statements Depreciation and amortization are non-cash
below which are true. expenses; A company can be profitable but
Select all that apply. experience negative cash flows
What are the 4 types of Adverse, unqualified, qualified, and disclaimer of
audit opinions? opinion
Which of the following A review engagement is used for financial statements
statements regarding a prepared for internal use
review engagement is
false?
Select the following key Debt to equity ratio; Working capital ratio
lending ratios used to
evaluate the financial
capacity of a business
(select all that apply).
Which of the following Porter's five forces
tools is NOT used to
analyze a company?
Which of the following Firm lifecycle, Ansoff's matrix, SWOT analysis
tools are used to analyze
a company?
In assessing the PESTEL Economic factors
factors, consumer
disposable income is an
example of:
https://quizlet.com/1119023482/cfi-cbca-core-course-exam-complete-question-and-answer-100-guaranteed-pass-cfi-cbca-core-course-assessments-… 4/41
