题目内容

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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Does the Financial Accounting Standards Board require firms to disclose information about operating leases and detailed information about defined benefit pension plans in the financial statement footnotes Operating lease information Defined benefit pension plans ①A. Yes No ②B. Yes Yes ③C. No Yes

A. ①
B. ②
C. ③

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Bentlom Company’ s common sized financial statements show the following information: Earnings after taxes 15 % Current liabilities 20% Equity 45 % Sales $ 800 Cash 10% Total assets $ 2000 Accounts receivable 15% Inventory 20% Bentlom’ s long-term debt-to-equity ratio and current ratio are closest to. Long-term debt-to-equity ratio Current ratio ①A. 77.8 % 2.25 ②B. 98.2% 2.50 ③C. 98.2% 2.25

A. ①
B. ②
C. ③

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

A. subtract write-offs of inventory advances from the cost of goods sold.
B. add increases in accounts receivables to net sales.
C. subtract decreases in accounts payable from the cost of goods sold.

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A project has the following estimated revenues of $10.0 million and estimated costs are $ 7.5 million. The table below provides information on amounts billed, cash received, and cost incurred for each year of the 3-year project(data is in millions of dollars). Year1 Year2 Year3 Amounts billed 4.0 3.5 2.5 Cash received 2.0 5.0 3.0 Cost incurred 3.0 3.0 1.5 Which of the following statements relating to the cumulative balance sheet and income statement at year-end is least accurate

A. Using the accounting method that smooths income, the company will recognize profit of $ 0.5 million in year 3.
B. Considering this project only, and using the percentage of completion method, total assets at the end of year 3 will be $ 2.5 million.
C. If ultimate payment is assured and the cost estimates are unreliable, the company will recognize profit of $1 million in year 2.

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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.

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.