Free Access AFP.CTP.v2022-03-29.q351 Practice Test (Page 56)

Question 271

The owner of XYZ Company just completed an initial public offering. Which of the following is the MOST LIKELY outcome?

A.The owner will gain more operational control.

B.The company will increase productivity.

C.The owner will be able to diversify his personal portfolio.

D.The company will save on accounting costs.

Question 272

To strengthen outside auditor independence with regard to publicly held companies, the Sarbanes-Oxley Act requires that:

A.employment of staff from companies' accounting firms be approved in advance by the audit committees.

B.accounting firms supply audit work papers annually to the SEC for their clients.

C.the lead audit partner and audit review partner be rotated every five years.

D.companies change accounting firms for audit services at least every seven years.

Question 273

According to the Capital Asset Pricing Model, which of the following would increase the required rate of return, given a beta of 1?

A.A decrease in the expected market return

B.A decrease in the tax rate

C.An increase in the company's stock price

D.An increase in the T-bill rate

Question 274

The MOST important tool the Federal Reserve Board has for influencing the amount of reserves in the banking system is:

A.meetings of the Reserve Board of Governors.

B.open market operations by the New York Federal Reserve.

C.accepting tax payments on behalf of the IRS.

D.term limits for the Federal Reserve Governors.

Question 275

A nationwide discount retailer is re-evaluating financing methods since the most-popular and most-expensive electronics "must-have" item for this year is set to ship from factories in China. Which of the following credit facilities would be MOST effective for the retailer to use?

A.Asset-based credit line

B.Securitization

C.Factoring

D.Commercial paper issuance

Other Version: 923AFP.CTP.v2024-12-30.q219; 44AFP.Examcollectionpass.CTP.v2022-01-21.by.geoffrey.190q.pdf

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Question 271

Question 272

Question 273

Question 274

Question 275

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