Beware of Schweser QBank

I found some wrong answers and explanations including this one. Use your judgement when you are wrong

This is not wrong…


The exam stress is setting in… EVERYBODY is a potential zombie including the schweser girl


FFO = NI + Depreciation + Deffered Tax Expenses - Gain + Losses

IF you are adding depreciation back, you aren’t expensing it.

Read the wording of the question carefully.