AFP CTP Exam Questions Instant Access - No Installation Required

Question 1

A foreign company could raise capital in the United States using an:

AASP.

BADR.

CARC.

DAVS.

Answer : B

Question 2

Which of the following is an example of an intangible asset?

AGoodwill

BDepreciation

CUncollected debt

DPrepaid expenses

Answer : A

Question 3

Company XYZ has an underfunded defined benefit plan. Company XYZ is required to provide filings for this plan to all of the following EXCEPT:

Athe Department of Labor.

Bthe Pension Benefit Guaranty Corporation.

Cthe Securities and Exchange Commission.

Dplan participants.

Answer : C

Question 4

A company is considering expanding to a three-site lockbox system from its current two-site system and has collected the following data:

The average collection float in the current system is:

A3,000,000 dollar-days.

B8,000,000 dollar-days.

C11,000,000 dollar-days.

D13,000,000 dollar-days.

Answer : D

Question 5

Simplifying upgrades and system restoration, access from multiple remote locations, and interfacing with multiple applications are all reasons to:

Areplace workstations annually.

Buse the internet.

Cuse 128-bit encryption.

Doutsource IT.

Answer : B

Question 6

All of the following items may be found on an income statement EXCEPT:

Acost of goods sold.

Bprepaid expenses.

Cinterest expense.

Dtaxes.

Answer : B

Question 7

A bank issues a letter of credit (L/C) and receives a request for payment under the L/C. The buyer notifies the issuing bank not to make payment because there is a dispute over the quality of the merchandise. However, the documents received fully comply with the terms of the L/C. Which of the following statements is true?

AThe buyer may immediately return the merchandise and cancel the L/C.

BThe bank may delay payment until reimbursed by the buyer.

CThe bank may delay payment, provided the seller is notified of the dispute within three business days.

DThe bank must make payment and is entitled to immediate reimbursement from the buyer.

Answer : D

AFP Certified Treasury Professional CTP Exam Questions