题目内容

In the current year, a company increased its deferred tax asset by $500,000. During the year, the company most likely:

A. Becameentitledtoa$500,000taxrefund.
B. Reportedaloweraccountingprofitthantaxableincome.
C. Hadpermanentdifferencesbetweenaccountingprofitandtaxableincome.

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A firm in the market environment characterized by monopolistic competition will most likely:

A. Continuetoexperienceeconomicprofitinthelongrun.
B. Haveawell-definedsupplyfunctionreflectingitsmarginalandaveragecosts.
C. Havemanycompetitors,eachofwhichfollowsitsownproductdifferentiationstrategy.

A cell phone manufacturer has switched to high margin premium-priced products with the most innovative features as part of its product differentiation strategy. Which of the following other changes is

Anincreaseininventorylevels
B. AdecreaseinR&Dexpenditures
C. Anincreaseinadvertisingexpenditures

An investor purchases the bonds of JLD Corp., which pay an annual coupon of 10% and mature in 10 years, at an annual yield to maturity of 12%. The bonds will most likely be selling at:

A. par.
B. A discount.
C. A premium.

Which of the following is the most likely reason for an analyst to choose the direct method rather than the indirect method for analyzing a firms operating cash flows?

A. Toavoidmakingadjustmentsfornon-cashitems
B. Toidentifyoperatingcashflowsbysourceandbyuse
C. Tounderstandtherelationshipbetweennetincomeandoperatingcashflows

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