题目内容

Which of the following statements about accounting procedures and their impact on the statement of cash flows is least valid All else equal:

A. a nonprofitable company that uses LIFO to account for inventory will have higher total cash flow than a nonprofitable company that uses FIFO during a period of rising prices.
B. a company that finances through common stock issues may have the same cash flow from financing(CFF) as a firm that issues debt.
C. the cash flow from operations(CFO) for a company that has a capital lease will be overstated compared to that of a firm that has an operating lease.

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An examination of the cash receipts and payments of Xavier Corporation reveals the following:Cash paid to suppliers for purchase of merchandise $5000Cash received from customers 14000Cash paid for purchase of equipment22000Divedends paid 2000Cash received from issuance of preferred stock 10000Interest received on short-term investments 1000Wages paid 4000Repayment of loan to the bank5000Cash from sale of land 12000 Xavier’ s cash flow from financing(CFF) and cash flow from investing(CFI) will be: CFF CFI ①A. $3000 $12000 ②B. $10000 $12000 ③C. $3000 $10000

A. ①
B. ②
C. ③

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An analyst gathers the following information: Net income $100 Decrease in accounts receivable 30 Depreciation 25 Increase in inventory 17 Increase in accounts payable 10 Decrease in wages payable 5 Increase in deferred taxes 17 Sale of fixed assets 150 Purchase of fixed assets 340 Profit from the sale of fixed assets 5 Dividends paid out 35 Sale of new common stock 120 Based on the above information, the company’s cash flow from operations is:

A. $155.
B. $165.
C. $175.

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Given the following information, what is the adjustment to net income when calculating cash flow from operations using the indirect method Increase in accounts payable of $ 25. Sold one share of stock for $15. Paid dividends of $10 to shareholders. Depreciation expense of $100. Increase in inventory of $ 20.

A. $50.
B. $95.
C. + $105.

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To convert an indirect statement of cash flows to a direct basis, the analyst would:

A. add decreases in accounts receivables to net sales.
B. subtract customer cash advances from net sales.
C. subtract increases in accounts payable from the cost of goods sold.

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