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Wall Street Prep Premium Exam Questions and Answers 100% Correct
Wall Street Prep Premium Exam 
Questions and Answers 100% Correct 
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) 
item? - Answer- Extraordinary gains/losses 
what is false about depreciation and amortization - Answer- D&A may be classified 
within interest expense 
Company X's current assets increased by $40 million from while the 
companies current liabilities increased by $25 million over the same period. the cash 
impact of the change in working capi...
- Exam (elaborations)
- • 13 pages •
Wall Street Prep Premium Exam 
Questions and Answers 100% Correct 
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) 
item? - Answer- Extraordinary gains/losses 
what is false about depreciation and amortization - Answer- D&A may be classified 
within interest expense 
Company X's current assets increased by $40 million from while the 
companies current liabilities increased by $25 million over the same period. the cash 
impact of the change in working capi...
Wall Street Prep Questions and Answers 100% Pass
Wall Street Prep Questions and Answers 100% Pass 
Assets - Answer- resources a company uses to operate its business 
includes cash, A/R, PP&E 
Liabilities - Answer- represents the company's contractual obligations and includes A/P, 
debt, accrued expenses 
Shareholder's equity - Answer- is the residual 
the value of the business available to the owners (shareholders) after debts have been 
paid off 
Income statement - Answer- illustrates the profitability of the company over a specified 
perio...
- Exam (elaborations)
- • 18 pages •
Wall Street Prep Questions and Answers 100% Pass 
Assets - Answer- resources a company uses to operate its business 
includes cash, A/R, PP&E 
Liabilities - Answer- represents the company's contractual obligations and includes A/P, 
debt, accrued expenses 
Shareholder's equity - Answer- is the residual 
the value of the business available to the owners (shareholders) after debts have been 
paid off 
Income statement - Answer- illustrates the profitability of the company over a specified 
perio...
Wall Street Prep Premium Exam Questions and Answers 100% Pass
Wall Street Prep Premium Exam 
Questions and Answers 100% Pass 
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) 
item? - Answer- Extraordinary gains/losses 
what is false about depreciation and amortization - Answer- D&A may be classified 
within interest expense 
Company X's current assets increased by $40 million from while the 
companies current liabilities increased by $25 million over the same period. the cash 
impact of the change in working capital...
- Exam (elaborations)
- • 13 pages •
Wall Street Prep Premium Exam 
Questions and Answers 100% Pass 
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) 
item? - Answer- Extraordinary gains/losses 
what is false about depreciation and amortization - Answer- D&A may be classified 
within interest expense 
Company X's current assets increased by $40 million from while the 
companies current liabilities increased by $25 million over the same period. the cash 
impact of the change in working capital...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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