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CFI FMVA Final Exam 2025 Questions and Answers ....ANSWER ...-On the balance sheet under 'current liabilities' Which is not a type of note found in a set of financial statements? - ....ANSWER ...- Significant internal controls What is the correct syntax for the =YEARFRAC function? - ....ANSWER ...- =YEARFRAC(start_date,end_date,[basis]) Which of the following is NOT a form of subordinated debt? - ....ANSWER ...- Revolver Which of the following is not a function of public accounting firms? ....ANSWER ...-Due dilligence Which ratio would you use to determine the profitability of the goods sold by a company? - ....ANSWER ...-Gross Profit Margin Horizontal analysis allows us to analyze performance over: - ....ANSWER ...-Time If a company wanted to finance the purchase of equipment without diluting shareholders equity, which of the following operation could it consider? - ....ANSWER ...- Issuing convertible bonds …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1