文稿优才英文p1unit

英文P1SectionUnit1ExternalFinancialStatementsandRevenue（单选题）AllofthefollowingareclassificationsonthestatementofcashflowsB、Equityactivities.C、Investingactivities.正确答案是：B您的答案是

展开答疑我要纠 收藏试题|收起解解 Answer(A)isOperatingactivitiesisoneofthethreeclassificationsusedonthestatementofcashflows.Answer(B)iscorrect.Thethreeclassificationsusedonthestatementofcashflowsareoperatingactivities,investingactivities,andfinancingactivities.Answer(C)isInvestingactivitiesisoneofthethreeclassificationsusedonthestatementofcashAnswer(D)is课 题 社 名师资

neofthethreeclassificationsusedonthestatemt

s.退英文P1 题库练 能力评 我的题 课 ncialStatementsandRevenue 我考正确

查看解析只看错题

笔 编辑笔（单选题）Thesaleofavailable-for-salesecuritiesshouldbeaccountedforonthestatementofcashflowsasa(n)A、Operatingactivity.B、Investingactivity.C、FinancingD、Noncashinvestingandfinancing展开答疑我要纠错 收藏试题|收起解析正确答案是：B您的答案是： 解 Answer(A)isCashflowsfrompurchases,sales,andmaturitiesoftradingsecuritiesarefromoperatingAnswer(B)isInvestingactivitiesincludeacquiringanddisposingofdebtorequityAnswer(C)isTheacquisitionanddispositionofdebtandequityinstrumentsareinvestingactivities.Answer(D)isincorrect.Thepurchaseandsaleofavailable-for-salesecuritiesresult 考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔（单选题）Metro,Inc.,reported eof$150,000forthecurrentyear.ChangesoccurredinseveralbalanceaccountsduringthecurrentyearasInvestmentingold,Inc.,stock,allofwhichwasacquiredinthepreviousyear,carriedonthe $5,500Accumulateddepreciation,causedmajorrepairtoprojectionequipment 2,100decreasePremiumonbonds 1,400 etaxliability 1,800InMetro’scurrentyearcashflowstatement,thereportednetcashprovidedbyoperatingactivitiesshouldAB正确答案是

您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解Theamountof$150,400resultsfromomittingtheadjustmentfortheequity-basedAnswer(B)isTheamountof$148,300resultsfromomittingtheadjustmentfortheequity-basedinvestmentandimproperlysubtractingthedecreaseinaccumulateddepreciation.Answer(C)iscorrect.Theincreaseintheequity-basedinvestmentreflectstheinvestor’sshareoftheinvestee’s eafteradjustmentfordividendsreceived.Hence,itisanoncashrevenueandshouldbesubtractedinthereconciliationofnet etonetoperatingcashinflow.Amajorrepairprovidesbenefitstomorethanoneperiodandthereforeshouldnotbeexpensed.Onemethodofaccountingforamajorrepairistochargeaccumulateddepreciationiftheusefullifeoftheassethasbeenextended,withtheoffsettingcredittocash,apayable,etc.However,thecashoutflow,ifany,isfromaninvestingactivity.Theitemhasnoeffectonnet eandnoadjustmentisnecessary.Amortizationofbondpremiumisanoncash estatementitemthatreducesaccrual-basisexpensesandthereforemustbesubtractedfromnet etoarriveatnetcashflowfromoperatingactivities.Theincreaseinthedeferredtaxliabilityisanoncashitemthatreducesneteandshouldbeaddedinthereconciliation.Accordingly,netcashprovidedoperationsis$144,900($150,000–$5,500–$1,400+$1,800).Answer(D)isincorrect.Theamountof$142,800resultsfromimproperlysubtractingthedecreaseinaccumulated考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔（单选题 reported efortheyearof$1,050,000.Duringtheyear,accountsreceivable$300,000,prepaidexpensesincreased$150,000,accountspayableformerchandisedecreased$150,000,andliabilitiesforotherexpensesincreased$100,000.Administrativeexpensesincludedepreciationexpenseof$50,000,andthereportedalossonthesaleofobsoleteequipmentof$10,000.CalculateHauschka’snetcashflowsfromoperatingactivitiesduringtheyear.AB正确答案是

您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解Thelossonsalemustbeaddedbackto eratherthansubtractedfrome.Additionally,theincreaseinprepaidexpensesanddecreaseinaccountspayablemustbesubtractedfromnet Answer(B)isTheincreaseinliabilitiesforotherexpenseandthelossonsaleofequipmentmustbeaddedbacktonet e.Additionally,theincreaseinprepaidexpensesanddecreaseinaccountspayablemustbesubtractedfromnet eratherthanaddedtonet Answer(C)iscorrect.Netoperatingcashflowmaybedeterminedbyadjustingnet e.Thedepreciationexpense,decreaseinaccountsreceivable,increaseinliabilities,andlossonthesaleofobsoleteequipmentmustbeaddedback.Theincreaseinprepaidexpenseanddecreaseinaccountspayablemustbesubtractedfromnet e.Thus,netcashflowfromoperationsis$1,210,000($1,050,000net e+$50,000depreciation+$300,000accountsreceivable+$100,000liabilities+$10,000loss–$150,000prepaidexpenses–$150,000accountspayable).Answer(D)isincorrect.Theincreaseinliabilitiesforotherexpensesmustbeaddedbackto 考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔 ’syear-end estatementshowsthefollowing: Sellingandgeneralexpenses(includingdepreciationexpenseof Interest Gainonsaleofequipment etaxexpense(includingdeferredtaxexpenseof $Duringtheyear,Garnett’snoncashcurrentassetsroseby$100,000,andcurrentliabilitiesincreasedby$150,000.Onitsstatementofcashflows,GarnettwouldreportcashprovidedbyoperatingactivitiesofAB正确答案是：A您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)isTheincreaseinthedeferredtaxliabilityisanoncashitemthatreduceseshouldalsobeaddedintheAnswer(B)isNetoperatingcashflowmaybedeterminedbyadjusting e.e$870,000isdecreasedbytheincreaseincurrentassetsof$100,000,increasedbytheincreaseincurrentliabilitiesof$150,000,increasedbydepreciationexpenseof$200,000,decreasedbythegainonsaleofequipmentof$40,000,andincreasedbythedeferredtaxliability.Thus,cashprovidedbyoperatingactivitieswouldbe$1,110,000.Answer(C)isThegainonsaleofequipmentshouldbeaddedtonet e.Theincreaseinthedeferredtaxliabilityisanoncashitemthatreducesnet eandshouldalsobeaddedinthereconciliation.Answer(D)isThegainonsaleofequipmentshouldbeaddedto e,not考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔（单选题）AnaccountantwithNasboEnterprises,Inc.,hasgatheredthefollowinginformationtopreparethestatementofcashflowsforthecurrentyear.Net eof$456,900includesadeductionof$45,600fordepreciationexpense.Theissued$300,000ofdividendsthisyearandpurchasedonenewbuildingfor$275,000.Thebalancesheetsfromthecurrentperiodandpriorperiodincludedthefollowingbalances:PriorYearCurrentAccountsreceivable,net$56,860$45,300Accounts Usingtheindirectmethod,whatistheamountofcashprovidedbyoperatingA、B展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$202,500incorrectlysubtractsthedividendsissuedof$300,000andfailstoincludethe$11,560decreaseinaccountsreceivable,$2,155decreaseinaccountspayable,and$7,620increaseininventory.Answer(B)isTheamountof$405,205incorrectlysubtractsdepreciationexpense,subtractsthedecreaseinaccountsreceivable,andaddstheincreaseininventory.Answer(C)isNetoperatingcashflowmaybedeterminedbyadjustingnet e.Depreciationisanexpensenotdirectlyaffectingcashflowsthatshouldbeaddedbacktonet e.Thedecreaseinaccountspayableissubtractedfromnet ebecauseitindicatesthatanexpensehasbeenpaid,whilethedecreaseinaccountsreceivableshouldbeaddedtoe.Theincreaseininventoryshouldbesubtractedfromnet ebecausecashwasusedtopurchasetheinventory.Thedividendspaidonpreferredstockarecashoutflowsfromfinancing,notoperating,activitiesanddonotrequireanadjustment.Thus,netcashflowfromoperationsis$504,285($456,900+$45,600+$11,560–$2,155–Answer(D)isTheamountof$521,405incorrectlyincludesthedividendsissuedandthebuildingpurchase.Additionally,thedecreaseinaccountsreceivableshouldbeaddedandtheincreaseininventoryshouldbesubtracted.考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔（单选题）Whichoneofthefollowingwouldresultinadecreaseincashflowmeasuredundertheindirectmethodofpreparingastatementofcashflows?A、AmortizationB、Decrease etaxesC、Proceedsfromtheissuanceofcommonstock.D、Decreaseininventories.正确答案是展开答 我要纠正确答案是您的答案是解 Answer(A)isAmortizationisanoncashexpensethatisaddedtonet einthereconciliation.Answer(B)iscorrect.Theindirectmethodreconcilesaccrual-basisnet etonetoperatingcashflow.Adecreasein etaxespayableimpliesanoperatingcashoutflownotreflectedinnete.Thus,thereconcilingadjustmentisasubtractionfromnet e.Theresultisalowermeasureofnetoperatingcashflow.Answer(C)isThereceiptofproceedsfromtheissuanceofcommonstockisafinancingcashflowthathasnoeffectonnet eorthereconciliation.Answer(D)isAdecreaseininventoriesimpliesthatpurchaseswerelessthancostofgoodssold.Thereconcilingadjustmentisanadditiontonet eandahighermeasureofnetoperatingcashflow.考 Unit1ExternalFinancialStatementsandRevenue正确 笔 编辑笔（单选题）Astatementofcashflowspreparedusingtheindirectmethodwouldhavecashactivitieslistedinwhichoneofthefollowingorders?A、Financing,investingA、Financing,investing,B、Investing,financing,C、Operatingfinancing,investing.D、Operating,investing,展开答疑我要纠 收藏试题|收起解正确答案是：D解Answer(A)isOperatingactivitiesarereportedfirst,followedbyinvestingandfinancingactivities.Answer(B)isincorrect.Operatingactivitiesarereportedfirst.Answer(C)isincorrect.Investingactivitiesarereportedbeforefinancingactivities.Answer(D)iscorrect.Astatementofcashflowspreparedusingeitherthedirectortheindirectmethodlistscategoriesofcashflowsinthefollowingorder:operating,investing,and考Unit1ExternalFinancialStatementsandRevenue正确 笔60（单选题）WhichoneofthefollowingshouldbeclassifiedasacashflowfromanoperatingactivityonthestatementofcashA、Adecreaseinaccou