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Wall Street Prep Financial Statement Modeling 100% Correct
Question : What is generally not considered to be a pre-tax
non-recurring (unusual or infrequent) item?
Correct answer: Extraordinary gains/losses
Question : what is false about depreciation and amortization
Correct answer: D&A may be classified within interest
expense
Question : Company X's current assets increased by $40
million from 2007-2008 while the companies current
liabilities increased by $25 million over the same period. the
cash impact of the change in working capital was
Correct answer: a decrease of 15 million
Question : the final component of an earnings projection
model is calculating interest expense. the calculation may
create a circular reference because
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