財(cái)務(wù)報(bào)表分析與運(yùn)用習(xí)題

1、Multiple Choices Exercises for FSA.1 As a general rule, revenue is normally recognizedwhen£4- is measurable.B. it is measurable and received.>11,C. the earnings process is completed and cash receipt isD. assured. The measurement process is complete.2 . If a company recognizes revenue earlier

2、 than justified under accrual accounting, which of the following best describes the impact on accounts receivable and inventory, respectively?Accounts ReceivableInventoryA. overstatedoversatedB. overstatedunderstatedC. understatedoverstatedD. understatedunderstated3 The following are Samples of unus

3、ual or infrequent items EXCEPT:A. BGaCns or losses from disposal of a portion of a business segment. Losses resulting from foreign government expropriation of assets. Provisions for environmental remediation.D. Impairments, write-offs, write-downs, and restructuring costs.4 . When a company disconti

4、nues and disposes of an operation, the action is consieraArdinary item.B. a prior period adjustment.C. a cumulative effect of a change in an accountingD. principle. separately and shown net of taxes on the income statement.5 Which one of the following is a change in an accounting prinfiieeAfrom FIFO

5、 to LIFO.B. Recording a prior period adjustment.C. A change in the estimated service life of machinery.D Recording depreciation expense for the first time on machinery purchased five years ago.6. All of the following are general categories of nonrecurring items EXCEBIusAal or infrequentB. items, dis

6、continuedC. operations, capitalizationD. of leases, accounting changes.7 A firm discovered that it had used an incorrect accounting principles in 1996. On the firm ' s 1997 financialstate霸n費(fèi)5$那注履現(xiàn) jljgldreport the impact of this error as:A. nonrecurring item. PartB.q of cost of goods sold. AD. p

7、rior period adjustment.8. The completed contract method should be used when A.B. There is a reasonable estimate of the costs to beC. incurred. There is a contract price.Collectibility of the contract price is uncertain.D. There is a reasonable estimate of the revenues.9. Using the percentage-of-comp

8、letion method in accounting for long-term projects, a company can increase reported earnings by:A. accelerating recognition of projectB. expenditures, delaying recognition of projectC. expenditures. switching to completed contractD. accounting overestimating the total cost of the project.10. Which o

9、f the following would be an example of management attempting to manipulate income?A Ba change from a straight-line to an accelerated depreciation in order to increase income, recognizing losses in bad years and recognizing gains in good years, additional losses areC. taken in bad yearsD a gain from

10、the condemnation of property by the city is shown in income from continuing operations, while a loss on the sale of equipment is shown after income from continuing operations.11. When accounting for merchandising businesses, gross margin equals the difference between：A. net sales and cost of goods s

11、old.B. net sales and operating expenses.C gross sales and the sum of returns and allowances.D. net sales and the sum of cost of goods sold and operating expenses.11 Which of the following would not contribute to the difference between gross sales and net salea2sA. refunds for returned products.Disco

12、unts from listed prices for delayed shipping.C. Allowance off selling prices for defective productsD. Sales made on credit rather than for immediatepayment.12. Among the following items, which is added to net income for calculation of cash flows from operating activities in the indirect method?A. de

13、crease of inventory.B. Increase of prepaid expenses.C. Decrease of accounts payable.D Increase of accountsreceivable.13. In the Statement of Cash Flows, which of the following best describes whether interest received and interest paid, respectively, are classified as operating or investing cash flow

14、?Interest Received Interest paidA. OperatingOperatingB. OperatingInvestingC. InvestingOperatingD. InvestingInvesting14. FASB is trying to do projects related to international convergence with：lASBB. SECC. IOSCOD. Federal Reserve Board5. Which of the following is not considered an asselSvintory8. Tra

15、demarksQRetained earnings.D Accounts receivable.16. If a company ' s ending inventory is understated by $3, 000 and beginning inventory is overstated by $5, 000, the company ' s operating income will most likely be:A. overstated by $2, 000.B. overstated by $8, 000C. understated by $2, 000D.

16、understated by $8, 00017. Depreciation differs from other types of expenses in that depreaiabeom6aAured more precisely.B Does not require an immediate cash outlay.C. Is not deductible if it would result in aD.已骷 t§s&Voided if the company acquires used assets.18. Which of the following accur

17、ately describes the effects of a purchase of treasury stock on a company ' s assets and stockholders，equity?AssetsA. DecreasedB. DecreasedC. UnchangedD. UnchangedStockholders ' EquityDecreasedUnchangedDecreasedUnchanged19. A company ' s assets and stockholders' equity are most likely

18、 to be reduced by: Atock splits.B. Cash dividends.C. Stock dividends.D. Reverse stocksplits.20.21.z 4 7 sales-cost of goods sold.Net income equals：Income before operation-income taxes.A. B.Gross margin-operation expenses.CIncome from operations+/"Other revenue and expenses.D.次 If the beginning

19、inventory is $15, 000, the ending inventory is $18, 000, and the COGS is $20, 000. So the inventory turnover is:A. 100%B. 110%28.拗用臃眥3帆搬搬E懶翻掘潮詢也豳擷曲鯉或砧盛曜潴a良4h瑞城朝揄8麻碗楓泰1oseyear.黝憎蟋喊嗡密酰憾瞠眄回返雞er融殳dt®如:ie The fae.iof ofhe"paadiKt®n4otctbtlQ BfittfeplffibDaEBetsbe lower than the industry av

20、erage23 common-size financial statements express a company ' s accounts relative to:A the aggregate economyB. the company's own assets and sales.C. The company ' s past ratios.D. Noe of the above28. Internal liquidity or solvency ratios indicate the ability of the 由善西電 fOtue short term f

21、inanciali 18 s -i fi hB tps8 i i§ nfi- -1® 18 §bathyBngnda(Eues do not exercise or conversion.g n ? h tn a kf GIO o t S8 i nsso tt dQs nnaf SQg nrB i nml Lshvf o fB SB ciA w 9 e h¥b ttlo krffp o Rg t dr8rec e s we cfl4P l&bu -18 §s c J X a m -iforc csp 后flokE . S8kc o t

22、snbc en TSI ba Tf e ro e¥o Dtbts der s al 需 hAb ta Ue am t tl n 61 a fiu TflK Bnoi PDes 雨疝 bant 6 n Em e Tsr t EO o ateK de 1no ht iss a目£ et Bh ei RB tfti.tCKJ6©, sITS eltaaelas £880a±«H§t no ONen io 儒Rallstnr.kD. inventories based on FIFO are preferable to those

23、presented under LIFO as carrying values most closely reflect current cost34. Which one of the following statements about straight-line depreciation is TRUE? Straight-linedepreciation：A. results in a decreas ing return on equity over the asset's life.B. In troduces a built-in in crease in return

24、on in vestme nt over theC. Recog ni zes the in creas ing rate of obsolesce nee of an asset with the p assage ofD. time. Results in higher total tax p ayme nts over the life of an asset tha n35 A machine is purchased for $3, 000, and has an estimated useful life of five years. Its salvage value isest

25、imated to be $550. Using double-decli ning bala nee, the dep reciati on charge for year three is:A. $360B. $432C. $500D. $72036.The effect of the recog niti on of loss due to imp airme nt in the year after the recog nition w。電de依aKg:theretur n on assets decreasethe returA.n on equity have no effect

26、on retur n onassets orC. return on equity decrease the retur n on assetsD.correctly reflects what37. When a con vertible bond is con verted into com mon stock, which of the followi ng happens in the finan cial stateme nts?A the en tire pro ceeds are reclassified from equity to debt.D.'No adjustm

27、e nt is made in the finan cial stateme ntsC The en tire p roceeds are reclassified from debt to equityD No adjustme nt is made because it is disclosed on the foot38. A company has cash flows from op erat ing activities of $281,500. other activities in elude the p ruchase of equ ipment for $142,000,

28、the sale of equ ipment for $58,000, the purchase of land for $93,000, the retireme nt of debt for $55,000, and the payme nt of divide nds for $36,000. the free cash flow would be:A $91,500B $93,500 C $104, 500D$177, 00039. The followi ng in fo. Is available for AshleyCash collect! ons from customers

29、Company: $390, 000Cash p ayme nts for(52 500)salaries Cash p ayme nts(127,5to supp Tiers Cash p ayme0°)nts for in terest Purchase(18, 0of mach inery Payme nts of00)divide nds Sale of mach(60, 0inery Purchase of land00)Purchase o treasury stock(55. 500)Calculate the FCF for the equity holders：A.

30、 $91, 500B. $93, 500 C. $104, 500D. $177,00040. The stateme nt ofterest p aid, arecash flows, which of the follow ing best describes whether in terest received and in classified as op erati ng or in vesti ng cash flows?A. Operating OperatingC. Investing OperatingB. Operating InvestingD. Investing In

31、vesting41. Which of the following is reported as a noncash financing transaction on a firm A. ' s statement of cash flows? Repayment of long-term debtB. Purchase of treasury stockC. Sale of perferred stockD. Conversion of bands payable into common stock 42. A company is deemed to have a complex

32、capital structure if it has: A. potentially dilutive securitiesB. both preferred and common stock outstanding.C. weighted average cost of capital greater than the rate of return on equity.D. common stock that is less than 20% of its total capital structure.43. Which of following is true:A. the dilut

33、ed earnings per share number shows the actual effect of conversionsB. firms that pay out dividends will generally have higher EPS than firms that retain earnings in the business.C. dividend and financing policies have no effect on growth rates in EPS.D. none of the above is true.44. A company has co

34、mmon stock and common stock options outstanding. Which of the following is true?A. it will report two earnings per share numbers, basic and dilutedB. it will report only one earnings per share numbers, diluted.C. it will report only one earnings per share numbers, basic D. it will report three earni

35、ngs per share numbers, simple, basic and diluted.45. An analyst gathered the following info. About a company whose fiscal year end is Dec. 31: Net income for the year was $10.5 million.Preferred stock dividends of $2 million were paid for the year.Common stock dividends of $3. 5 million were paid fo

36、r the year.20 million shares of common stock were outstanding on January 1,2001.The company issued 6 million new shares of common stock April 1, 2001.The capital structure does not include any potentially dilutive convertible securities, options, warrants, and other contingent securities. The compan

37、y ' s basic EPtoS: is closedA. $ 0. 35 B. $0. 37 C. SO. 43 D. $0. 46 46. An analyst gathered the following info.: Net income $6, 500, 000.Preferred stock dividends of $500,000 paid.Common stock dividends of $600,000 paid.1,000,000 shares of common stock outstanding (no change during the year). $60 average market price of com