Level 2: Reading 22, Q2

CFA reading 22, question 2: Based on Exhibit 1 and the statements highlighted by Lee, the primary reason for the 36% increase in Food-for-All’s operating income in 2010 was…

A: Revenues

B: Sale of receivables

C: The increase in the estimated useful life of its fixed assets

Revenue grew by $500m (25%), while the depreciation benefit was only $83m. Why is the answer C?

There is an errata item for this question:


plus it has been discussed in the past:


Great, thank you