单选题
Which of the following would be least likely to cause a change in cash
flow from financing activities under U.S. GAAP?
A. Payment of interest on debt.
B. Payment of cash for dividends.
C. Receipt of cash from the sale of bonds.
【正确答案】
A
【答案解析】[解析] 根据美国的GAAP准则，融资现金流的基本内容如下表所示：
{{B}}融资现金流的基本内容{{/B}}
现金流入
现金流出
债务本金 发行股票所得
债务本金偿付 回购股票支付 向股东支付的股息
根据GAAP准则的规定，债务利息支付应当属于营业现金流，而非融资现金流。
单选题
Sales of inventory would be classified as:
A. operating cash flow.
B. investing cash flow.
C. financing cash flow.
【正确答案】
A
【答案解析】[解析] 由下表可知，存货销售应当被归为营业现金流。
{{B}}营业现金流的基本内容{{/B}}
现金流入
现金流出
从顾客处收取的现金 收到的利息和股息 证券交易获得的销售所得
向雇员和供应商支付的现金 其他费用现金 购买交易证券 支付利息 支付税金
单选题
Issuing bonds would be classified as:
A. operating cash flow.
B. investing cash flow.
C. financing cash flow.
【正确答案】
C
【答案解析】[解析] 由下表可知，发行债券应当被归为融资现金流。
{{B}}融资现金流的基本内容{{/B}}
现金流入
现金流出
债务本金 发行股票所得
债务本金偿付 回购股票支付 向股东支付的股息
单选题
Sale of land would be classified as:
A. operating cash flow.
B. investing cash flow.
C. financing cash flow.
【正确答案】
B
【答案解析】[解析] 由下表可知，土地销售应当被归为投资现金流。
{{B}}投资现金流的基本内容{{/B}}
现金流入
现金流出
固定资产销售所得 债务和权益投资销售所得 其他厂商贷款本金偿付
收购固定资产 债务和权益投资收购 向其他厂商提供的贷款
单选题
The write-off of obsolete equipment would be classified as:
A. operating cash flow.
B. financing cash flow.
C. no cash flow impact.
【正确答案】
C
【答案解析】[解析] 过时设备的注销不会对现金流产生影响。
单选题
Sale of obsolete equipment would be classified as:
A. operating cash flow.
B. investing cash flow.
C. financing cash flow.
【正确答案】
B
【答案解析】[解析] 由表可知，过时设备的销售应当被归为投资现金流。
{{B}}投资现金流的基本内容{{/B}}
现金流入
现金流出
固定资产销售所得 债务和权益投资销售所得 其他厂商贷款本金偿付
收购固定资产 债务和权益投资收购 向其他厂商提供的贷款
单选题
Where are dividends paid to shareholders reported in the cash flow
statement under U.S. GAAP and 1FRS?
U.S. GAAP
IFRS ① operating or financing
activities operating or financing activities ②
financing activities operating
or financing activities ③ operating activities
financing activities
单选题
Net income for Orrican Company for the year ended December 31, 2009
was $83000. Its accounts receivable balance at December 31, 2009 was $153000,
and this balance was $75000 at December 31, 2008. The accounts payable balance
at December 31, 2009 was $82000 and was $51000 at December 31, 2008.
Depreciation for 2008 was $14000, and there was an unrealized gain of $16000
included in 2009 income from the change in value of trading securities. Which of
the following amounts represents Orrican's cash flow from operations for 2009?
A. $36000
B. $42000
C. $57000
【正确答案】
A
【答案解析】[解析] Orrican公司在2009年的营业现金流的计算步骤如下：
净收益 折旧 未实现利润 应收账款的增加额 应付账款的增加额
$83000 $14000 ($16000) ($76000) $31000
营业现金流
$36000
因此，本题的正确选项为A。
单选题
Using the following information, what is the firm's cash flow form
operations?
Net income Decrease in accounts
receivable Depreciation Increase in inventory Increase in accounts
payable Decrease in wages payable Increase in deferred tax
liabilities Profit from the sale of land
单选题
Morris Inc. had the following transactions during 2009:
●Purchased new fixed assets for $105000. ●Converted
$83000 worth of preferred shares to common shares. ●Received
cash dividends of $24000. Paid cash dividends of $32000.
●Repaid mortgage principal of $18000. Assuming Morris, Inc.
follows U.S. GAAP, which of the following amounts represents Morris's cash flow
from investing and cash flow from financing in 2009, respectively?
cash flow from investing cash flow from
financing ① ($105000)
($50000) ②
($83000)
($18000) ③ ($105000)
($18000)
单选题
An analyst gathers the following annual information ($millions) about
a company that pays no dividends and has no debt:
net income depreciation loss on sale of
equipment decrease in accounts receivable increase in
inventories increase in accounts payable capital expenditures proceeds
from sale of stock
45.8 18.2 1.6 4.2 3.4 2.5 7.3 8.5
The company's annual free cash flow to
equity ($millions) is closest to:
单选题
A&G Inc.'s purchases during the year were $300000. The balance
sheet shows an average accounts payable balance of $42000. A&G's payables
payment period is closest to:
A. 32 days.
B. 43 days.
C. 51 days.
【正确答案】
C
【答案解析】[解析] [*]
[*]
因此，本题的正确选项为C。
单选题
A&G Inc.'s has a gross profit of $52000 on sales of $176000. The
balance sheet shows average total assets of $82000 with the average inventory
balance of $16000. A&G's total asset turnover and inventory turnover are
closest to: total asset turnover inventory
turnover ① 2.15 times
7.75 times ② 1.63 times
7.75 times ③ 2.15 times
5.24 times
A. ①
B. ②
C. ③
【正确答案】
A
【答案解析】[解析] [*]
[*]
因此，本题的正确选项为A。
单选题
If A&G Inc.'s has annual sale of $300000, average accounts payable
of $80000, and average accounts receivable of $70000, A&G's receivables
turnover and average collection period are closest to:
receivables turnover average collection period
① 4.29 times
33.51 days ② 3.12 times
33.51 days ③ 4.29 times
47.10 days
A. ①
B. ②
C. ③
【正确答案】
C
【答案解析】[解析] [*]
[*]
因此，本题的正确选项为C。
单选题
A company's current ratio is 1.5. If some of the accounts payable are
paid off from the cash account, the:
A. numerator and denominator would decrease proportionally, leaving the
current ratio unchanged.
B. numerator would decrease by a greater percentage than the denominator,
resulting in a lower current ratio.
C. denominator would decrease by a greater percentage than the numerator,
resulting in a higher current ratio.
单选题
An analyst prepares common-size balance sheets for two countries
operating in the same industry. The analyst notes that both companies had the
same proportion of current liabilities, long-term liabilities, and shareholders'
equity and the following ratios:
Company A Company B
current ratio 2.0
2.0 cash ratio 0.3
0.3 quick ratio
0.5 0.8
The most reasonable conclusion is that, compared with Company B, Company A had
a:
A. higher percentage of assets associated with inventory.
B. higher percentage of assets associated with accounts receivable.
C. lower percentage of assets associated with marketable
securities.
单选题
A&G Inc.'s receivable turnover is six times, the inventory
turnover is two times, and the payables turnover is fifteen times. A&G's
cash conversion cycle is closest to:
单选题
A&G Inc.'s income statement shows sales of $3000, cost of goods
sold of 1200, pre-interest operating expense of $400, and interest expense of
$50. A&G's interest coverage ratio is closest to:
A. 28 times.
B. 33 times.
C. 51 times.
【正确答案】
A
【答案解析】[解析] [*]
因此，本题的正确选项为A。
单选题
A&G Inc. has a net profit margin of 20%, an asset turnover of 3
times, and a financial leverage multiplier of 1.4 times. A&G's return on
equity is closest to:
单选题
Using the following information for A&G Inc. :
●EBIT/revenue = 15% ●tax retention rate = 70%
●revenue/assets = 2.3 times ●current ratio = 3 times
●EBT/EBIT = 0.6 times ●assets/equity = 1.7
times A&G Inc.'s return on equity is closest to:
单选题
A firm has a dividend payout ratio of 30%, a net profit margin of 15%,
an asset turnover of 1.4 times, and a financial leverage multiplier of 1.8
times. The firm's sustainable growth rate is closest to:
单选题
An analyst gathers the following information about a company's common
stock: ●1 January 2009 180000
shares outstanding ●1 June 2009
60000 shares issued ●1 August 2009
2-for-1 stock split ●31
December 2009 480000 shares outstanding
To calculate earnings per share for 2009, the company's weighted average
number of shares outstanding is closest: