Free AFP CTP Practice Test & Real Exam Questions
Controlled disbursement notification times can be improved by which of the following?
Correct Answer: C
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On a statement of cash flow, which of the following items are considered sources of cash?
I. Increase in short-term investments
II. Net income
III. Increase in accounts payable
IV. Decrease in long-term debt
I. Increase in short-term investments
II. Net income
III. Increase in accounts payable
IV. Decrease in long-term debt
Correct Answer: C
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A multinational corporation with many FSPs requires a TMS that can display extensive and complex information in an effective manner. The corporation will be looking for a TMS with what functionality?
Correct Answer: B
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The MOST effective way to reduce the internal risk of technology as it relates to critical treasury functions is to:
Correct Answer: D
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Which of the following BEST describes an advantage of a company going public?
Correct Answer: D
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All of the following items may be found on an income statement EXCEPT:
Correct Answer: C
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A large multinational company with multiple autonomous operational entities is MOST LIKELY to operate.
Correct Answer: A
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Which of the following fundamental factors involved in determining an operational risk management strategy is most affected by the new corporate governance standards and "whistle-blower" laws?
Correct Answer: B
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Of the following card transactions, which would likely incur the highest interchange fees?
Correct Answer: B
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In terms of capital structure, lease financing normally has the same effect as:
Correct Answer: D
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What is the MOST appropriate financial plan when a corporation wishes to establish its overall goals and objectives over a period of time?
Correct Answer: B
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The seller's cost of capital is 12%. The average credit sale is $200,000, and the credit terms are 2/10, net 30.
What is the seller's net benefit (loss) if the buyer takes the discount and pays by day 10?
What is the seller's net benefit (loss) if the buyer takes the discount and pays by day 10?
Correct Answer: A
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