2020年CFA考試《CFA二級(jí)》考試共題，分為。小編每天為您準(zhǔn)備了5道每日一練題目（附答案解析），一步一步陪你備考，每一次練習(xí)的成功，都會(huì)淋漓盡致的反映在分?jǐn)?shù)上。一起加油前行。

1、【單選題】

A.correct given the assumptions and method described.

B.too high given the assumptions and method described.

C.too low given the assumptions and method described.

正確答案:C

答案解析:To calculate the daily VaR from an annual VaR, the mean and standard deviation must be adjusted using the 250 trading days described.

2、If Bardem creates a special purpose entity rather than borrowing against its receivables, which of Domingues, comments is most accurate? Comment:【單選題】

A.1

B.2

C.3

正確答案:A

答案解析:A is correct. Bardem’s cost of borrowing through the SPE is likely to decrease, because the SPE is bankruptcy remote from Bardem, and the lenders will have a direct claim on the receivables, thus allowing the SPE to borrow at preferred rates.

3、The implementation of Proposal #4 would most likely signal to Ladan and other investors that future earnings growth can be expected to:【單選題】

A.decrease.

B.remain unchanged.

C.increase.

正確答案:C

答案解析:C is correct. Dividend initiations convey positive information and are associated with future earnings growth, whereas dividend omissions or reductions convey negative information and are associated with future earnings problems.

4、Which of the following factors best supports Maturin's classification as an independent director of AYM?【單選題】

A.Maturin's employment history with the company.

B.Personal relationship between Maturin and Charles.

C.Jack's membership on the board of Standard Marine Containers.

正確答案:A

答案解析:

5、After translating Consol-Can’s inventory and long-term debt into the parent company’s currency (US$), the amounts reported on Consolidated Motor’s financial statements on 31 December 20X2 would be closest to (in millions):【單選題】

A.$71 for inventory and $161 for long-term debt.

B.$71 for inventory and $166 for long-term debt.

C.$73 for inventory and $161 for long-term debt.

正確答案:B

答案解析:B is correct. When the parent company’s currency is used as the functional currency, the temporal method must be used to translate the subsidiary’s accounts. Under the temporal method, monetary assets and liabilities (e.g., debt) are translated at the current (year-end) rate, non-monetary assets and liabilities measured at historical cost (e.g., inventory) are translated at historical exchange rates, and non-monetary assets and liabilities measured at current value are translated at the exchange rate at the date when the current value was determined. Because beginning inventory was sold first and sales and purchases were evenly acquired, the average rate is most appropriate for translating inventory and C$77 million × 0.92 = $71 million. Long-term debt is translated at the year-end rate of 0.95. C$175 million × 0.95 = $166 million.