单选题 In order to generate cash, Company A securitized its accounts receivable through a special purpose entity. Company B pledge its accounts receivable to a local bank in order to secure a short-term loan. Assuming Company A and Company B are identical in all other respects, which company has higher operating cash flow and which company has higher financing cash flow?
higher operating cash flow higher financing cash flow
① Company A Company A
② Company A Company B
③ Company B Company B
【正确答案】 B
【答案解析】[解析] 通过应收账款证券化获得的现金应当按照营业活动加以记录，而通过贷款获得的现金则应按照融资活动加以记录。因此，A公司将具有较高的营业现金流，而B公司将具有较高的融资现金流，本题的正确选项为B。