FMVA FINAL EXAM: QUESTIONS WITH SOLUTIONS (SOLVED)

FMVA FINAL EXAM: QUESTIONS WITH SOLUTIONS (SOLVED)
Question : Where would 'accounts payable' most likely
appear on a set of financial statements?
CORRECT ANSWER: On the balance sheet under
'current liabilities'
Question : Which is not a type of note found in a set of
financial statements?
CORRECT ANSWER: Significant internal controls
Question : What is the correct syntax for the
=YEARFRAC function?
CORRECT ANSWER:
=YEARFRAC(start_date,end_date,[basis])
Question : Which of the following is NOT a form of
subordinated debt?
CORRECT ANSWER: Revolver

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