208 Reading 25 0 Understanding Income Statements
PRACTICE PROBLEMS FOR READING 25
1. Expenses on the income statement may be grouped by:
A. nature, but not by function.
B. function, but not by nature.
C. either function or nature.
2. An example
PRACTICE PROBLEMS FOR READING 43
1. Investors should use a portfolio approach to:
2. Which of the following is the best reason for an investor to be concerned
with the composition of a portfolio?
Practice Problems for Reading 36
PRACTICE PROBLEMS FOR READING 36
1. Given the following cash ows for a capital project, calculate the NPV and
IR. The required rate of return is 8 percent.
Year 0 1 2 3 4 5
Cash ow 50,000 15,000 15,000 20,000
Practice Problems for Reading 2 151
PRACTICE PRQBLEMS FOR READING 2
Unless otherwise stated in the question, all individuals in the following ques
tions are CFA Institute members or candidates in the CFA Program and, there
fore, are subject to the CF