CFA特許金融分析師-CFA一級-強化練習題（參考）-03-FinancialReportingandAnalysis

CFA特許金融分析師-CFA一級-強化練習題（參考）-03-FinancialReportingandAnalysis[單選題]1.Interimfinancialreportsreleasedby（江南博哥）acompanyaremostlikelytobe:A.monthly.B.unaudited.C.unqualified.正確答案：B參考解析：Biscorrect.Interimreportsaretypicallyprovidedsemiannuallyorquarterlyandpresentthefourbasicfinancialstatementsandcondensednotes.Theyarenotaudited.Unqualifiedisatypeofauditopinion[單選題]2.Acompany’sfinancialpositionwouldbestbeevaluatedusingthe:A.balancesheet.B.incomestatement.C.statementofcashflows.正確答案：A參考解析：Aiscorrect.Thebalancesheetportraysthecompany’sfinancialpositiononaspecifieddate.Theincomestatementandstatementofcashflowspresentdifferentaspectsofperformanceduringtheperiod.[單選題]3.Thevaluationtechniqueunderwhichassetsarerecordedattheamountthatwouldbereceivedinanorderlydisposalis:A.currentcost.B.presentvalue.C.realizablevalue.正確答案：C參考解析：Ciscorrect.Theamountthatwouldbereceivedinanorderlydisposalisrealizablevalue.[單選題]4.AcoreobjectiveoftheInternationalOrganizationofSecuritiesCommissionsisto:A.eliminatesystemicrisk.B.protectusersoffinancialstatements.C.ensurethatmarketsarefair,efficient,andtransparent.正確答案：C參考解析：Ciscorrect.AcoreobjectiveofIOSCOistoensurethatmarketsarefair,efficient,andtransparent.Theothercoreobjectivesaretoreduce,noteliminate,systemicriskandtoprotectinvestors,notallusersoffinancialstatements.[單選題]5.AccordingtotheConceptualFrameworkforFinancialReporting,whichofthefollowingisnotanenhancingqualitativecharacteristicofinformationinfinancialstatements?A.Accuracy.B.Timeliness.C.Comparability.正確答案：A參考解析：Aiscorrect.Accuracyisnotanenhancingqualitativecharacteristic.Faithfulrepresentation,notaccuracy,isafundamentalqualitativecharacteristic.[單選題]6.Neutralityofinformationinthefinancialstatementsmostcloselycontributestowhichqualitativecharacteristic?A.Relevance.B.Understandability.C.Faithfulrepresentation.正確答案：C參考解析：Ciscorrect.Thefundamentalqualitativecharacteristicoffaithfulrepresentationiscontributedtobycompleteness,neutrality,andfreedomfromerror.[單選題]7.Valuingassetsattheamountofcashorequivalentspaidorthefairvalueoftheconsiderationgiventoacquirethematthetimeofacquisitionmostcloselydescribeswhichmeasurementoffinancialstatementelements?A.Currentcost.B.Historicalcost.C.Realizablevalue.正確答案：B參考解析：Biscorrect.Historicalcostistheconsiderationpaidtoacquireanasset.[單選題]8.Whichofthefollowingsourcesofinformationusedbyanalystsisfoundoutsideacompany’sannualreport?A.Auditor’sreportB.PeercompanyanalysisC.Management’sdiscussionandanalysis正確答案：B參考解析：Biscorrect.Whenperformingfinancialstatementanalysis,analystsshouldreviewallcompanysourcesofinformationaswellasinformationfromexternalsourcesregardingtheeconomy,theindustry,thecompany,andpeer(comparable)companies.[單選題]9.Theassumptionthatanentitywillcontinuetooperatefortheforeseeablefutureiscalled:A.accrualbasis.B.comparability.C.goingconcern.正確答案：C參考解析：Ciscorrect.TheConceptualFrameworkidentifiestwoimportantunderlyingassumptionsoffinancialstatements:accrualbasisandgoingconcern.Goingconcernistheassumptionthattheentitywillcontinuetooperatefortheforeseeablefuture.Enterpriseswiththeintenttoliquidateormateriallycurtailoperationswouldrequiredifferentinformationforafairpresentation.[單選題]10.WhichofthefollowingisnotaconstraintonthefinancialstatementsaccordingtotheConceptualFramework?A.Understandability.B.Benefitversuscost.C.Balancingofqualitativecharacteristics.正確答案：A參考解析：Aiscorrect.Understandabilityisanenhancingqualitativecharacteristicoffinancialinformation—notaconstraint.[單選題]11.Anindependentauditreportismostlikelytoprovide:A.absoluteassuranceabouttheaccuracyofthefinancialstatements.B.reasonableassurancethatthefinancialstatementsarefairlypresented.C.aqualifiedopinionwithrespecttothetransparencyofthefinancialstatements.正確答案：B參考解析：Biscorrect.Theindependentauditreportprovidesreasonableassurancethatthefinancialstatementsarefairlypresented,meaningthatthereisahighprobabilitythattheauditedfinancialstatementsarefreefrommaterialerror,fraud,orillegalactsthathaveadirecteffectonthefinancialstatements.[單選題]12.WhichofthefollowingisnotarequiredfinancialstatementaccordingtoIASNo.1?A.Statementoffinancialposition.B.Statementofchangesinincome.C.Statementofcomprehensiveincome.正確答案：B參考解析：Biscorrect.Thereisnostatementofchangesinincome.UnderIASNo.1,acompletesetoffinancialstatementsincludesastatementoffinancialposition,astatementofcomprehensiveincome,astatementofchangesinequity,astatementofcashflows,andnotescomprisingasummaryofsignificantaccountingpoliciesandotherexplanatoryinformation.[單選題]13.USgenerallyacceptedaccountingprinciplesarecurrentlydevelopedbywhichentity?A.TheSecuritiesandExchangeCommission.B.TheFinancialAccountingStandardsBoard.C.ThePublicCompanyAccountingOversightBoard.正確答案：B參考解析：Biscorrect.TheFASBisresponsiblefortheAccountingStandardsCodification?,thesinglesourceofnongovernmentalauthoritativeUSgenerallyacceptedaccountingprinciples.[單選題]14.Thefinancialstatementthatpresentsashareholder’sresidualclaimonassetsisthe:A.balancesheet.B.incomestatement.C.cashflowstatement.正確答案：A參考解析：Aiscorrect.Owners’equityistheowners’residualinterestin(i.e.,residualclaimon)thecompany’sassetsafterdeductingitsliabilities,whichisinformationpresentedonthebalancesheet[單選題]15.Anauditordeterminesthatacompany’sfinancialstatementsarepreparedinaccordancewithapplicableaccountingstandardsexceptwithrespecttoinventoryreporting.Thisexceptionismostlikelytoresultinanauditopinionthatis:A.adverse.B.qualified.C.unqualified.正確答案：B參考解析：Biscorrect.Aqualifiedauditopinionisoneinwhichthereissomescopelimitationorexceptiontoaccountingstandards.Exceptionsaredescribedintheauditreportwithadditionalexplanatoryparagraphssothattheanalystcandeterminetheimportanceoftheexception.[單選題]16.Theassumptionthattheeffectsoftransactionsandothereventsarerecognizedwhentheyoccur,notwhenthecashflowsoccur,iscalled:A.relevance.B.accrualbasis.C.goingconcern.正確答案：B參考解析：Biscorrect.Accrualbasisreflectstheeffectsoftransactionsandothereventsbeingrecognizedwhentheyoccur,notwhenthecashflows.Theseeffectsarerecordedandreportedinthefinancialstatementsoftheperiodstowhichtheyrelate.[單選題]17.Whichofthefollowingelementsoffinancialstatementsismostcloselyrelatedtomeasurementofperformance?A.Assets.B.Expenses.C.Liabilities.正確答案：B參考解析：Biscorrect.Theelementsoffinancialstatementsrelatedtothemeasureofperformanceareincomeandexpenses.[單選題]18.Whichofthefollowingbestdescribeswhythenotesthataccompanythefinancialstatementsarerequired?Thenotes:A.permitflexibilityinstatementpreparation.B.standardizefinancialreportingacrosscompanies.C.provideinformationnecessarytounderstandthefinancialstatements.正確答案：C參考解析：Ciscorrect.Thenotesprovideinformationthatisessentialtounderstandingtheinformationprovidedintheprimarystatements.[單選題]19.Informationaboutmanagementanddirectorcompensationareleastlikelytobefoundinthe:A.auditor’sreport.B.proxystatement.C.notestothefinancialstatements.正確答案：A參考解析：Aiscorrect.Informationaboutmanagementanddirectorcompensationisnotfoundintheauditor’sreport.Disclosureofmanagementcompensationisrequiredintheproxystatement,andsomeaspectsofmanagementcompensationaredisclosedinthenotestothefinancialstatements.[單選題]20.Acompany’sprofitabilityoveraperiodoftimeisbestevaluatedusingthe:A.balancesheet.B.incomestatement.C.cashflowstatement.正確答案：B參考解析：Biscorrect.Acompany’sprofitabilityisbestevaluatedusingtheincomestatement.Theincomestatementpresentsinformationonthefinancialresultsofacompany’sbusinessactivitiesoveraperiodoftimebycommunicatinghowmuchrevenuewasgeneratedandtheexpensesincurredtogeneratethatrevenue.[單選題]21.Informationaboutacompany’sobjectives,strategies,andsignificantrisksaremostlikelytobefoundinthe:A.auditor’sreport.B.managementcommentary.C.notestothefinancialstatements.正確答案：B參考解析：Biscorrect.Thesearecomponentsofmanagementcommentary.[單選題]22.Theincomestatementisbestusedtoevaluateacompany’s:A.financialposition.B.sourcesofcashflow.C.financialresultsfrombusinessactivities.正確答案：C參考解析：Ciscorrect.Acompany’srevenuesandexpensesarepresentedontheincomestatement,whichisusedtoevaluateacompany’sfinancialresults(orprofitability)frombusinessactivitiesoveraperiodoftime.Acompany’sfinancialpositionisbestevaluatedbyusingthebalancesheet.Acompany’ssourcesofcashflowarebestevaluatedusingthecashflowstatement.[單選題]23.Whattypeofauditopinionispreferredwhenanalyzingfinancialstatements?A.Qualified.B.Adverse.C.Unqualified.正確答案：C參考解析：Ciscorrect.Anunqualifiedopinionisa“clean”opinionandindicatesthatthefinancialstatementspresentthecompany’sperformanceandfinancialpositionfairlyinaccordancewithaspecifiedsetofaccountingstandards.[單選題]24.Anexampleofacontraassetaccountis:A.depreciationexpense.B.salesreturnsandallowances.C.allowancefordoubtfulaccounts.正確答案：C參考解析：Ciscorrect.Acontraassetaccountisnettedagainst(i.e.,reduces)thebalanceofanassetaccount.Theallowancefordoubtfulaccountsreducesthebalanceofaccountsreceivable.Accumulateddepreciation,notdepreciationexpense,isacontraassetaccount.Salesreturnsandallowancescreateacontraaccountthatreducesales,notanasset.[單選題]25.Accountingpolicies,methods,andestimatesusedinpreparingfinancialstatementsaremostlikelytobefoundinthe:A.auditor’sreport.B.managementcommentary.C.notestothefinancialstatements.正確答案：C參考解析：Ciscorrect.Thenotesdisclosechoicesinaccountingpolicies,methods,andestimates.[單選題]26.Theroleoffinancialstatementanalysisisbestdescribedas:A.providinginformationusefulformakinginvestmentdecisions.B.evaluatingacompanyforthepurposeofmakingeconomicdecisions.C.usingfinancialreportspreparedbyanalyststomakeeconomicdecisions.正確答案：B參考解析：Biscorrect.Theprimaryroleoffinancialstatementanalysisistousefinancialreportspreparedbycompaniestoevaluatetheirpast,current,andpotentialperformanceandfinancialpositionforthepurposeofmakinginvestment,credit,andothereconomicdecisions.[單選題]27.Moneyreceivedfromcustomersforproductstobedeliveredinthefutureisrecordedas:A.revenueandanasset.B.anassetandaliability.C.revenueandaliability.正確答案：B參考解析：Biscorrect.Thecashreceivedfromcustomersrepresentsanasset.Theobligationtoprovideaproductinthefutureisaliabilitycalled“unearnedincome”or“unearnedrevenue.”Astheproductisdelivered,revenuewillberecognizedandtheliabilitywillbereduced.[單選題]28.Acompany’sprofitabilityforaperiodwouldbestbeevaluatedusingthe:A.balancesheet.B.incomestatement.C.statementofcashflows.正確答案：B參考解析：Biscorrect.Profitabilityistheperformanceaspectmeasuredbytheincomestatement.Thebalancesheetportraysthefinancialposition.Thestatementofcashflowspresentsadifferentaspectofperformance.[單選題]29.Theinformationprovidedbyabalancesheetitemislimitedbecauseofuncertaintyregarding:A.measurementofitscostorvaluewithreliability.B.thechangeincurrentvaluefollowingtheendofthereportingperiod.C.theprobabilitythatanyfutureeconomicbenefitwillflowtoorfromtheentity.正確答案：B參考解析：Biscorrect.Balancesheetinformationisasofaspecificpointintime,anditemsmeasuredatcurrentvaluereflectthevaluethatwascurrentattheendofthereportingperiod.Forallfinancialstatementitems,anitemshouldberecognizedinthefinancialstatementsonlyifitisprobablethatanyfutureeconomicbenefitassociatedwiththeitemwillflowtoorfromtheentityandiftheitemhasacostorvaluethatcanbemeasuredwithreliability.[單選題]30.Forfinancialassetsclassifiedastradingsecurities,howareunrealizedgainsandlossesreflectedinshareholders’equity?A.Theyarenotrecognized.B.Theyflowthroughincomeintoretainedearnings.C.Theyareacomponentofaccumulatedothercomprehensiveincome.正確答案：B參考解析：Biscorrect.Forfinancialassetsclassifiedastradingsecurities,unrealizedgainsandlossesarereportedontheincomestatementandflowtoshareholders’equityaspartofretainedearnings.[單選題]31.Whichofthefollowingismostlikelyclassifiedasacurrentliability?A.PaymentreceivedforaproductduetobedeliveredatleastoneyearafterthebalancesheetdateB.PaymentsformerchandisedueatleastoneyearafterthebalancesheetdatebutstillwithinanormaloperatingcycleC.Paymentondebtdueinsixmonthsforwhichthecompanyhastheunconditionalrighttodefersettlementforatleastoneyearafterthebalancesheetdate正確答案：B參考解析：Biscorrect.Paymentsduewithinoneoperatingcycleofthebusiness,eveniftheywillbesettledmorethanoneyearafterthebalancesheetdate,areclassifiedascurrentliabilities.Paymentreceivedinadvanceofthedeliveryofagoodorservicecreatesanobligationorliability.Iftheobligationistobefulfilledatleastoneyearafterthebalancesheetdate,itisrecordedasanon-currentliability,suchasdeferredrevenueordeferredincome.Paymentsthatthecompanyhastheunconditionalrighttodeferforatleastoneyearafterthebalancesheetmaybeclassifiedasnon-currentliabilities.[單選題]32.Shareholders’equityreportedonthebalancesheetismostlikelytodifferfromthemarketvalueofshareholders’equitybecause:A.historicalcostbasisisusedforallassetsandliabilities.B.somefactorsthataffectthegenerationoffuturecashflowsareexcluded.C.shareholders’equityreportedonthebalancesheetisupdatedcontinuously.正確答案：B參考解析：Biscorrect.Thebalancesheetomitsimportantaspectsofacompany’sabilitytogeneratefuturecashflows,suchasitsreputationandmanagementskills.Thebalancesheetmeasuressomeassetsandliabilitiesbasedonhistoricalcostandmeasuresothersbasedoncurrentvalue.Marketvalueofshareholders’equityisupdatedcontinuously.Shareholders’equityreportedonthebalancesheetisupdatedforreportingpurposesandrepresentsthevaluethatwascurrentattheendofthereportingperiod.[單選題]33.Thenon-controlling(minority)interestinconsolidatedsubsidiariesispresentedonthebalancesheet:A.asalong-termliability.B.separately,butasapartofshareholders’equity.C.asamezzanineitembetweenliabilitiesandshareholders’equity.正確答案：B參考解析：Biscorrect.Thenon-controllinginterestinconsolidatedsubsidiariesisshownseparatelyaspartofshareholders’equity.[單選題]34.Themostlikelycompanytousealiquidity-basedbalancesheetpresentationisa:A.bank.B.computermanufacturerholdinginventories.C.softwarecompanywithtradereceivablesandpayables.正確答案：A參考解析：Aiscorrect.Aliquidity-basedpresentation,ratherthanacurrent/non-currentpresentation,maybeusedbysuchentitiesasbanksifbroadlypresentingassetsandliabilitiesinorderofliquidityisreliableandmorerelevant.[單選題]35.Whenacompanybuyssharesofitsownstocktobeheldintreasury,itrecordsareductionin:A.bothassetsandliabilities.B.bothassetsandshareholders’equity.C.assetsandanincreaseinshareholders’equity.正確答案：B參考解析：Biscorrect.Sharerepurchasesreducethecompany’scash(anasset).Shareholders’equityisreducedbecausetherearefewersharesoutstandingandtreasurystockisanoffsettoowners’equity.[單選題]36.Theinitialmeasurementofgoodwillismostlikelyaffectedby:A.anacquisition’spurchaseprice.B.theacquiredcompany’sbookvalue.C.thefairvalueoftheacquirer’sassetsandliabilities.正確答案：A參考解析：Aiscorrect.Initially,goodwillismeasuredasthedifferencebetweenthepurchasepricepaidforanacquisitionandthefairvalueoftheacquired,notacquiring,company’snetassets(identifiableassetslessliabilities).[單選題]37.Whenacompanypaysitsrentinadvance,itsbalancesheetwillreflectareductionin:A.assetsandliabilities.B.assetsandshareholders’equity.C.onecategoryofassetsandanincreaseinanother.正確答案：C參考解析：Ciscorrect.Payingrentinadvancewillreducecashandincreaseprepaidexpenses,bothofwhichareassets.[單選題]38.Allofthefollowingarecurrentassetsexcept:A.cash.B.goodwill.C.inventories.正確答案：B參考解析：Biscorrect.Goodwillisalong-termasset,andtheothersareallcurrentassets.[單選題]39.Distinguishingbetweencurrentandnon-currentitemsonthebalancesheetandpresentingasubtotalforcurrentassetsandliabilitiesisreferredtoas:A.aclassifiedbalancesheet.B.anunclassifiedbalancesheet.C.aliquidity-basedbalancesheet.正確答案：A參考解析：Aiscorrect.Aclassifiedbalancesheetisonethatclassifiesassetsandliabilitiesascurrentornon-currentandprovidesasubtotalforcurrentassetsandcurrentliabilities.Aliquidity-basedbalancesheetbroadlypresentsassetsandliabilitiesinorderofliquidity.[單選題]40.Forfinancialassetsclassifiedasavailableforsale,howareunrealizedgainsandlossesreflectedinshareholders’equity?A.Theyarenotrecognized.B.Theyflowthroughretainedearnings.C.Theyareacomponentofaccumulatedothercomprehensiveincome.正確答案：C參考解析：Ciscorrect.Forfinancialassetsclassifiedasavailableforsale,unrealizedgainsandlossesarenotrecordedontheincomestatementandinsteadarepartofothercomprehensiveincome.AccumulatedothercomprehensiveincomeisacomponentofShareholders’equity[單選題]41.Whichofthefollowingwouldananalystmostlikelybeabletodeterminefromacommon-sizeanalysisofacompany’sbalancesheetoverseveralperiods?A.Anincreaseordecreaseinsales.B.Anincreaseordecreaseinfinancialleverage.C.Amoreefficientorlessefficientuseofassets.正確答案：B參考解析：Biscorrect.Common-sizeanalysis(aspresentedinthereading)providesinformationaboutcompositionofthebalancesheetandchangesovertime.Asaresult,itcanprovideinformationaboutanincreaseordecreaseinacompany’sfinancialleverage.[單選題]42.Forfinancialassetsclassifiedasheldtomaturity,howareunrealizedgainsandlossesreflectedinshareholders’equity?A.Theyarenotrecognized.B.Theyflowthroughretainedearnings.C.Theyareacomponentofaccumulatedothercomprehensiveincome.正確答案：A參考解析：Aiscorrect.Financialassetsclassifiedasheldtomaturityaremeasuredatamortisedcost.Gainsandlossesarerecognizedonlywhenrealized.[單選題]43.Debtduewithinoneyearisconsidered:A.current.B.preferred.C.convertible.正確答案：A參考解析：Aiscorrect.Currentliabilitiesarethoseliabilities,includingdebt,duewithinoneyear.Preferredreferstoaclassofstock.Convertiblereferstoafeatureofbonds(orpreferredstock)allowingtheholdertoconverttheinstrumentintocommonstock.[單選題]44.Theitem“retainedearnings”isacomponentof:A.assets.B.liabilities.C.shareholders’equity.正確答案：C參考解析：Ciscorrect.Theitem“retainedearnings”isacomponentofshareholders’equity.[單選題]45.Accruedexpenses(accruedliabilities)are:A.expensesthathavebeenpaid.B.createdwhenanotherliabilityisreduced.C.expensesthathavebeenreportedontheincomestatementbutnotyetpaid.正確答案：C參考解析：Ciscorrect.Accruedliabilitiesareexpensesthathavebeenreportedonacompany’sincomestatementbuthavenotyetbeenpaid.[單選題]46.Acompanyhastotalliabilitiesof￡35millionandtotalstockholders’equityof￡55million.Totalliabilitiesarerepresentedonaverticalcommon-sizebalancesheetbyapercentageclosestto:A.35%.B.39%.C.64%.正確答案：B參考解析：Biscorrect.Verticalcommon-sizeanalysisinvolvesstatingeachbalancesheetitemasapercentageoftotalassets.Totalassetsarethesumoftotalliabilities(￡35million)andtotalstockholders’equity(￡55million),or￡90million.Totalliabilitiesareshownonaverticalcommon-sizebalancesheetas(￡35million/￡90million)≈39%.[單選題]47.WhichofthefollowingcomponentsofthecashflowstatementmaybepreparedundertheindirectmethodunderbothIFRSandUSGAAP?A.Operating.B.Investing.C.Financing.正確答案：A參考解析：Aiscorrect.Theoperatingsectionmaybepreparedundertheindirectmethod.Theothersectionsarealwayspreparedunderthedirectmethod.[單選題]48.PurpleFleurS.A.,aretaileroffloralproducts,reportedcostofgoodssoldfortheyearof$75million.Totalassetsincreasedby$55million,butinventorydeclinedby$6million.Totalliabilitiesincreasedby$45million,andaccountspayableincreasedby$2million.Thecashpaidbythecompanytoitssuppliersismostlikelyclosestto:A.$67million.B.$79million.C.$83million.正確答案：A參考解析：Aiscorrect.Costofgoodssoldof$75millionlessthedecreaseininventoryof$6millionequalspurchasesfromsuppliersof$69million.Theincreaseinaccountspayableof$2millionmeansthatthecompanypaid$67millionincash($69millionminus$2million).[單選題]49.Acompanyrecentlyengagedinanon-cashtransactionthatsignificantlyaffecteditsproperty,plant,andequipment.Thetransactionis:A.reportedundertheinvestingsectionofthecashflowstatement.B.reporteddifferentlyincashflowfromoperationsunderthedirectandindirectmethods.C.disclosedasaseparatenoteorinasupplementaryscheduletothecashflowstatement.正確答案：C參考解析：Ciscorrect.Becausenocashisinvolvedinnon-cashtransactions,thesetransactionsarenotincorporatedinthecashflowstatement.However,non-cashtransactionsthatsignificantlyaffectcapitalorassetstructuresarerequiredtobedisclosedeitherinaseparatenoteorasupplementaryscheduletothecashflowstatement.[單選題]50.Cashflowsfromtaxesonincomemustbeseparatelydisclosedunder:A.IFRSonly.B.USGAAPonly.C.bothIFRSandUSGAAP.正確答案：C參考解析：Ciscorrect.TaxesonincomearerequiredtobeseparatelydisclosedunderIFRSandUSGAAP.Thedisclosuremaybeinthecashflowstatementorelsewhere.[單選題]51.WhichofthefollowingisanexampleofafinancingactivityonthecashflowstatementunderUSGAAP?A.Paymentofinterest.B.Receiptofdividends.C.Paymentofdividends.正確答案：C參考解析：Ciscorrect.PaymentofdividendsisafinancingactivityunderUSGAAP.PaymentofinterestandreceiptofdividendsareincludedinoperatingcashflowsunderUSGAAP.NotethatIFRSallowcompaniestoincludereceiptofinterestanddividendsaseitheroperatingorinvestingcashflowsandtoincludepaymentofinterestanddividendsaseitheroperatingorfinancingcashflows.[單選題]52.RedRoadCompany,aconsultingcompany,reportedtotalrevenuesof$100million,totalexpensesof$80million,andnetincomeof$20millioninthemostrecentyear.Ifaccountsreceivableincreasedby$10million,howmuchcashdidthecompanyreceivefromcustomers?A.$90million.B.$100million.C.$110million.正確答案：A參考解析：Aiscorrect.Revenuesof$100millionminustheincreaseinaccountsreceivableof$10millionequal$90millioncashreceivedfromcustomers.Theincreaseinaccountsreceivablemeansthatthecompanyreceivedlessincashthanitreportedasrevenue.[單選題]53.Abenefitofusingthedirectmethodratherthantheindirectmethodwhenreportingoperatingcashflowsisthatthedirectmethod:A.mirrorsaforecastingapproach.B.iseasierandlesscostly.C.providesspecificinformationonthesourcesofoperatingcashflows.正確答案：C參考解析：Ciscorrect.Theprimaryargumentinfavorofthedirectmethodisthatitprovidesinformationonthespecificsourcesofoperatingcashreceiptsandpayments.Argumentsfortheindirectmethodincludethatitmirrorsaforecastingapproachanditiseasierandlesscostly[單選題]54.Interestpaidisclassifiedasanoperatingcashflowunder:A.USGAAPbutmaybeclassifiedaseitheroperatingorinvestingcashflowsunderIFRS.B.IFRSbutmaybeclassifiedaseitheroperatingorinvestingcashflowsunderUSGAAP.C.USGAAPbutmaybeclassifiedaseitheroperatingorfinancingcashflowsunderIFRS.正確答案：C參考解析：Ciscorrect.InterestexpenseisalwaysclassifiedasanoperatingcashflowunderUSGAAPbutmaybeclassifiedaseitheranoperatingorfinancingcashflowunderIFRS.[單選題]55.Aconversionofafacevalue13.單選題

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糾錯millionconvertiblebondfor13.單選題

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糾錯millionofcommonstockwouldmostlikelybe:A.reportedasa13.單選題\n\n

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糾錯millioninvestingcashinflowandoutflow.B.reportedasa13.單選題\n\n

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糾錯millionfinancingcashoutflowandinflow.C.reportedassupplementaryinformationtothecashflowstatement.正確答案：C參考解析：Ciscorrect.Non-cashtransactions,ifsignificant,arereportedassupplementaryinformation,notintheinvestingorfinancingsectionsofthecashflowstatement.[單選題]56.Thefirststepincashflowstatementanalysisshouldbeto:A.evaluateconsistencyofcashflows.B.determineoperatingcashflowdrivers.C.identifythemajorsourcesandusesofcash.正確答案：C參考解析：Ciscorrect.Anoverallassessmentofthemajorsourcesandusesofcashshouldbethefirststepinevaluatingacashflowstatement.[單選題]57.WhiteFlag,awomen’sclothingmanufacturer,reportedsalariesexpenseof$20million.Thebeginningbalanceofsalariespayablewas$3million,andtheendingbalanceofsalariespayablewas$1million.Howmuchcashdidthecompanypayinsalaries?A.$18million.B.$21million.C.$22million.正確答案：C參考解析：Ciscorrect.Beginningsalariespayableof$18million.millionplussalariesexpenseof$20millionminusendingsalariespayableof$1millionequals$22million.Alternatively,theexpenseof$20millionplusthe$2milliondecreaseinsalariespayableequals$22million.[單選題]58.GreenGloryCorp.,agardensupplywholesaler,reportedcostofgoodssoldfortheyearof$80million.Totalassetsincreasedby$55million,includinganincreaseof$5millionininventory.Totalliabilitiesincreasedby$45million,includinganincreaseof$2millioninaccountspayable.Thecashpaidb