2015年11月CMA中文P1模拟练习题(二).docx

2015年11月CMA中文Part 1模拟练习题（二）11月的CMA中文考试就要到了，为了方便大家更好地复习，小编在百度文库定期传一些考试资料，如有需要请关注我的百度文库。11. CSO: 1A1d LOS: 1A1cThe sale of available-for-sale securities should be accounted for on the statement of cash flows as a(n)a. operating activity.b. investing activity.c. financing activity.d. noncash investing and financing activity.12. CSO: 1A1d LOS: 1A1cA statement of cash flows prepared using the indirect method would have cash activities listed in which one of the following orders?a. Financing, investing, operating.b. Investing, financing, operating.c. Operating, financing, investing.d. Operating, investing, financing.13. CSO: 1A1d LOS: 1A1eKelli Company acquired land by assuming a mortgage for the full acquisition cost. This transaction should be disclosed on Kellis Statement of Cash Flows as a(n)a. financing activity.b. investing activity.c. operating activity.d. noncash financing and investing activity.14. CSO: 1A1d LOS: 1A1eWhich one of the following should be classified as an operating activity on the statement of cash flows?a. A decrease in accounts payable during the year.b. An increase in cash resulting from the issuance of previously authorized common stock.c. The purchase of additional equipment needed for current production.d. The payment of a cash dividend from money arising from current operations.15. CSO: 1A1a LOS: 1A1dAll of the following are limitations to the information provided on the statement of financial position except thea. quality of the earnings reported for the enterprise.b. judgments and estimates used regarding the collectability, salability, and longevity of assets.c. omission of items that are of financial value to the business such as the worth of the employees.d. lack of current valuation for most assets and liabilities.16CSO: 1A1d LOS: 1A1cThe most commonly used method for calculating and reporting a companys net cash flow from operating activities on its statement of cash flows is thea. direct method.b. indirect method.c. single-step method.d. multiple-step method.17. CSO: 1A1d LOS: 1A1cThe presentation of the major classes of operating cash receipts (such as receipts from customers) less the major classes of operating cash disbursements (such as cash paid for merchandise) is best described as thea. direct method of calculating net cash provided or used by operating activities.b. cash method of determining income in conformity with generally accepted accounting principles.c. format of the statement of cash flows.d. indirect method of calculating net cash provided or used by operating activities.18. CSO: 1A1a LOS: 1A1eWhen a fixed asset is sold for less than book value, which one of the following will decrease?a. Total current assets.b. Current ratio.c. Net profit.d. Net working capital.19. CSO: 1A1a LOS: 1A1eStanford Company leased some special-purpose equipment from Vincent Inc. under a long-term lease that was treated as an operating lease by Stanford. After the financial statements for the year had been issued, it was discovered that the lease should have been treated as a capital lease by Stanford. All of the following measures relating to Stanford would be affected by this discovery except thea. debt/equity ratio.b. accounts receivable turnover.c. fixed asset turnover.d. net income percentage.20. CSO: 1A1d LOS: 1A1eLarry Mitchell, Bailey Companys controller, is gathering data for the Statement of Cash Flows for the most recent year end. Mitchell is planning to use the direct method to prepare this statement, and has made the following list of cash inflows for the period.Collections of $100,000 for goods sold to customers.Securities purchased for investment purposes with an original cost of $100,000 sold for $125,000.