题目内容

Juniper Corp. has the following transactions in 2005. Juniper’ s equipment with a book value of $ 55000 was sold for $ 85000 cash. A parcel of land was purchased for $100000 worth of Juniper common stock. ABC company paid Juniper preferred dividends of $ 40000. Juniper declared and paid a $100000 cash dividend. Using the indirect method, what is cash flow from financing (CFF) for Juniper for 2005

A. $ 60000.
B. $100000.
C. $15000.

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According to U.S. Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS) GAAP, should dividends paid be treated as a cash flow from financing (CFF) or as a cash flow from operations (CFO) U.S. GAAP IAS GAAP ①A. CFO CFF ②B. CFF CFO ③C. CFF CFF or CFO

A. ①
B. ②
C. ③

The correct set of cash flow treatments as they relate to interest paid according to U. S. generally accepted accounting principles (GAAP) and International Accounting Standards (IAS) GAAP is : U.S. GAAP IAS GAAP ①A. CFO CFO or CFF ②B. CFF CFF ③C. CFO CFO

A. ①
B. ②
C. ③

At the beginning of 2007, Bryan’ s Bakery Company purchased a secret cookie recipe for $ 25000. In addition, Bryan developed a new cake recipe at a cost of $ 5000. Bryan expects to use both recipes indefinitely ; however, the useful (economic) life of similar recipes has been 10 years. Assuming straight-line amortization, what amount of recipe expense should Bryan report for the year ended 2007 and what amount should Bryan report as a tangible asset on its balance sheet at the end of 2007 Recipe expense Balance sheet ①A. $ 7500 $ 22500 ②B. $ 3000 $ 27500 ③C. $ 7500 $ 0

A. ①
B. ②
C. ③

Stanley Corp. had 100000 shares of common stock outstanding throughout 2004. It also had 20000 stock options with an exercise price of $ 20 and another 20000 options with an exercise price of $ 28. The average market price for the company’ s stock was $ 25 throughout the year. The stock closed at $ 30 on December 31,2004. What are the number of shares used to calculate diluted earnings per share for the year

A. 105000.
B. 110000.
C. 104000.

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