Makes sense if you just think about. All you really need to know that if the liability doesn’t reverse it goes from L to E. After that you can reason everything else out if you understand what a deferred tax liability is (which you should understand if you understand what a liability is). From there you can work through the numbers, carefully, in order to account for the ‘double negative’ type wording in this question, aka do the problem twice once for what happens if the whole L goes into E, and another as she did it assuming the recorded value now is the PV of portion of deferred L that is expected to reverse. This way you are observing what happens in the two extremes and all other outcomes must lie in the middle. Since, the proper thing to do is one of the extremes (classify whole L as E) you can compare the ratio and the OCF of this scenario with the alternative to derive the correct answer. I can describe how this process would work for figuring the OCF is anyone is interested or needs a better grasp on what a L is (just don’t want to waste the time if no one needs it/already knows it).
A) Operating income is confirmed by operating cash flow when the growth rates of the two measures are relatively stable over time.
S1: FALSE (GD is when BoD’s approve the grant) S2: FALSE C?
philip.platt Wrote: ------------------------------------------------------- > (this thread is) 3 pages in 90 min on a Thursday > afternoon and for something related to CFAI > material and not joking around or innuendos? > > FML. That means this exam is coming soon. dude, you are studying like crazy . I have seen post from you at 3.00 am everynight. Somebody told me that NYC never sleeps but now I know even yanks dont sleep
C this is not my strongsuit at all but i feel good about this answer.
The correct answer was A. The grant date is the date an award is approved by the board of directors or compensation committee. When two or more performance conditions must be satisfied, the requisite service period does not end until all conditions are met. An asset’s alpha returns are returns earned in addition to the asset’s: A) ex ante returns. B) projected returns. C) required returns.
C) required returns.
so this was true then? Statement #1: The grant date of a service-based award is the date when the employees’ benefits are fully vested.
C expected - required = Alpha How come answer is A for previous one. Explaination says about both incorrect hence C
C *yawn* I AM GOING TO CRUSH CORP FI TONIGHT
bannisja Wrote: ------------------------------------------------------- > so this was true then? > Statement #1: The grant date of a service-based > award is the date when the employees’ benefits are > fully vested. Whatever swaption said in the the bracket.
bannisja Wrote: ------------------------------------------------------- > so this was true then? > Statement #1: The grant date of a service-based > award is the date when the employees’ benefits are > fully vested. Skip made a typo. Both are incorrect. It should be directors and not employees
swaption refers to swaption in the 3rd person now? now that is what i call a pre-test swagger.
C was correct Morgan Bondillo, CFA, is attempting to calculate the value of Smith Sprockets. She is using a supply-side model to estimate the equity risk premium and a build-up model to estimate returns. Based on the strategies Bondillo is using, Smith Sprockets is least likely to: A) be closely held. B) need its beta adjusted for drift. C) be located in a developed market. An analyst should carefully review the footnotes to a firm’s financial statements to determine the: A) future growth rate of the firm. B) accounting practices and basis utilized by the firm. C) salaries of top executives.
I am male for today!
noone is the corner has swagga like him…
A (not sure) B
A) be closely held. ??? B) accounting practices and basis utilized by the firm.
2nd one B 1st one I feel like sucking my thumb- PM is like this nightmare that won’t go away. total guess- B. PM I either need to review HARD or just be ok bombing.
You know what I noticed, a lot of people are getting the same questions right and wrong. Is that a bad sign?