CISI IFC Q&A - in .pdf

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  • Exam Code: IFC
  • Exam Name: Investment Funds in Canada (IFC) Exam
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NEW QUESTION: 1

A. Option B
B. Option E
C. Option C
D. Option D
E. Option F
F. Option A
Answer: A,C,D

NEW QUESTION: 2
Assume the correct current ratio is bigger than 1. If purchase (on account) is overstated by $3,000 and the ending inventory is overstated by $3,000, the current ratio is ______ and the working capital is
_ _____.
A. not affected, overstated.
B. overstated, not affected.
C. understated, not affected.
Answer: C
Explanation:
EI = BI + purchase - COGS. If both purchase on account and ending inventory are overstated by the same amount, the current ratio will be understated (current ratio = current assets / current liabilities, in which both numerator and the denominator are overstated, but the ratio will belowered since it is bigger than 1). However, the working capital which equals current assets - current liability should be unaffected.

NEW QUESTION: 3
You have a Microsoft 365 tenant.
You need to present data from a Microsoft Azure SQL database to a Microsoft SharePoint Online list.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

Answer:
Explanation:

Explanation

References:
https://docs.microsoft.com/en-us/sharepoint/make-external-list

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