Cfa Level 2 Mock Questions Instant

You are ready for the real CFA Level 2 exam when you can achieve the following on fresh, never-before-seen mock questions:

If you are still scoring 50% on mock questions, postpone the exam. Do not walk into Level 2 hoping for a miracle. The vignette format eats hope for breakfast. cfa level 2 mock questions

Vignette
On Jan 1, 2024, Alpha Inc. acquired 25% of Beta Co.’s common shares for $80 million, giving Alpha significant influence. Beta’s net assets fair value = $280 million, book value = $250 million. Difference is due to equipment (remaining life 5 years, straight-line).
Beta reported 2024 net income = $40 million, paid dividends = $10 million.
Fair value of Alpha’s investment at Dec 31, 2024 = $95 million. You are ready for the real CFA Level

Question 1
Under IFRS, the carrying value of Alpha’s investment in Beta at Dec 31, 2024 is closest to:
A) $87.5 million
B) $90.0 million
C) $95.0 million If you are still scoring 50% on mock

Question 2
The total equity income from this investment reported on Alpha’s 2024 P&L is closest to:
A) $8.5 million
B) $10.0 million
C) $15.0 million

Question 3
If instead Alpha had no significant influence but classified the shares as FVOCI (fair value through OCI), the impact on 2024 net income would be:
A) No effect
B) Dividend income only
C) Fair value gain and dividend income

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