- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 12. Introduction to Financial Statement Modeling
- Subject 1. Building a Financial Statement Model
CFA Practice Question
For most companies, projections for ______ are least likely to be tied to the income statement.
B. accounts receivable.
C. long-term assets.
A. retained earnings.
B. accounts receivable.
C. long-term assets.
Correct Answer: C
User Contributed Comments 1
| User | Comment |
|---|---|
| lwlee | Long-term assets -> Depreciation or amortisation is quite important on cash flow projection? And buying long-term assets as well, i think it is quite difficult in determining the extent of impact on income statement solely by asset item type |