fsa — CFA Level I Practice Questions

50 free CFA Level I questions on fsa: 25 easy, 19 medium, and 6 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn fsa from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

Drill fsa free with full explanations →

1. Which of the following describes the 'kinked demand curve' model in an oligopoly?
2. Argentum Mining must choose an inventory cost flow formula under IFRS for its silver bullion, which is identic
3. Which component of the following identity represents the 'bridge' that allows analysts to compare LIFO firms t
4. Oakridge Capital is analyzing a firm's Return on Equity (ROE) using the 3-step DuPont decomposition. If the Ne
5. Kite Aerospace produces specialized aircraft components. Under IFRS, 'abnormal' amounts of wasted materials sh
6. A firm reporting under IFRS has a policy of classifying interest paid as a financing activity. To compare this
7. If the firm is a bank where such investments are part of primary operations, which classification is most like
8. Under the five-step revenue recognition model, which step involves determining whether a contract exists with
9. Nova Medical has inventory that originally cost 50,000. At year-end, the estimated selling price is48,000, and
10. A company reporting under US GAAP receives a dividend of $1 million. This is classified as CFO. If the company
11. When converting from the indirect method to the direct method for the Cash Flow Statement, a decrease in Accou
12. Oakridge Capital is evaluating an investment in Vesper Foods, which faces a 'threat of substitutes' scored as
13. A firm under US GAAP has an inventory of $50,000 at cost and $45,000 at Net Realizable Value (NRV). In the nex
14. If a firm at Helion Rail converts from LIFO to FIFO during a period of rising prices and stable inventory quan
15. Vesper Foods has a defined benefit pension plan. At the end of the year, the fair value of plan assets is 850
16. Helion Rail reports cost of goods sold (COGS) of $410 million under the LIFO method. If the LIFO reserve was 4
17. Oakridge Capital reports under IFRS. It enters a contract to provide specialized equipment and three years of
18. Helion Rail has a Debt/EBITDA ratio of 4.5x. The company decides to enter into a large finance lease for new l
19. Vesper Foods uses a LIFO (Last-In, First-Out) inventory method. During a period of rising prices, compared to
20. If there is only a 20% chance of meeting the bonus target, what is the most likely transaction price in Step 3
21. Juniper Health (IFRS) determines the net realisable value (NRV) of its inventory. If the selling price is 100
22. Redhook Ports settles a long-term debt by paying cash to its… — This transaction is reported on the Statement
23. Kestrel Grid has a long-term loan with a 'callable on demand' clause due to a minor covenant breach. The lende
24. Which inventory method will result in the highest reported net income?
25. Juniper Health reports under US GAAP and uses FIFO. The current ratio is 2.5. If the firm had used LIFO during
26. Juniper Health's medical supplies that are expected to be used within the next 8 months should be classified a
27. Juniper Health is comparing its inventory turnover ratio under FIFO and LIFO. In an inflationary environment
28. Northline Timber has inventory that takes 15 months to season before it can be sold. If Northline's operating
29. Redhook Ports decides to sell a crane that it used for opera… — The cash received from this sale will be repor
30. Juniper Health acquires a smaller clinic. The excess of the purchase price over the fair value of the identifi