Wall Street Prep Premium Exam Questions with

Wall Street Prep Premium Exam Questions with ANSWERs
Question 1: What is generally not considered to be a pre-tax
non-recurring (unusual or infrequent) item?
CORRECT ANSWER: Extraordinary gains/losses
Question 2: What is false about depreciation and
amortization?
CORRECT ANSWER: D&A may be classified within
interest expense
Question 3: 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

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