上傳人：冬***

認(rèn)證信息

認(rèn)證類型：個(gè)人認(rèn)證

認(rèn)證主體：吉**（實(shí)名認(rèn)證）

IP屬地：貴州

IP屬地：貴州 上傳時(shí)間：2022-08-12 格式：DOC 頁(yè)數(shù)：9 大?。?70KB 積分：20 舉報(bào) 版權(quán)申訴

1、精選優(yōu)質(zhì)文檔-傾情為你奉上精選優(yōu)質(zhì)文檔-傾情為你奉上專心-專注-專業(yè)專心-專注-專業(yè)精選優(yōu)質(zhì)文檔-傾情為你奉上專心-專注-專業(yè)The financial statement showing a firms accounting value on a particular date is the:A.income statement.B.balance sheet.資產(chǎn)負(fù)債表反應(yīng)公司在某一特定日期的賬面價(jià)值C.statement of cash flows.D.tax reconciliation statement.E.shareholders equity sheet.A current a

2、sset is:A.an item currently owned by the firm.B.an item that the firm expects to own within the next year.C.an item currently owned by the firm that will convert to cash within the next 12 months.在一年內(nèi)能夠變現(xiàn)的資產(chǎn)D.the amount of cash on hand the firm currently shows on its balance sheet.E.the market value

3、 of all items currently owned by the firm.The long-term debts of a firm are liabilities:A.that come due within the next 12 months.B.that do not come due for at least 12 months.償還期限在一年以上C.owed to the firms suppliers.D.owed to the firms shareholders.E.the firm expects to incur within the next 12 month

4、s.4.Net working capital is defined as:經(jīng)營(yíng)運(yùn)資本A.total liabilities minus shareholders equity.B.current liabilities minus shareholders equity.C.fixed assets minus long-term liabilities.D.total assets minus total liabilities.E.current assets minus current liabilities.流動(dòng)資產(chǎn)-流動(dòng)負(fù)債5.A(n) _ asset is one which c

5、an be quickly converted into cash without significant loss in value.A.currentB.fixedC.intangibleD.liquid速動(dòng)資產(chǎn)E.long-term6.The financial statement summarizing a firms accounting performance over a period of time is the:A.income statement.利潤(rùn)表反應(yīng)公司一段時(shí)間內(nèi)的經(jīng)營(yíng)成果B.balance sheet.C.statement of cash flows.D.tax

6、 reconciliation statement.E.shareholders equity sheet.7.Noncash items refer to:非現(xiàn)金項(xiàng)目A.the credit sales of a firm.B.the accounts payable of a firm.C.the costs incurred for the purchase of intangible fixed assets.D.expenses charged against revenues that do not directly affect cash flow.與收入像配比的費(fèi)用，并不影響現(xiàn)

7、金流量E.all accounts on the balance sheet other than cash on hand.8.Your _ tax rate is the amount of tax payable on the next taxable dollar you earn.A.deductibleB.residualC.totalD.averageE.marginal邊際稅率指多賺一美元需要多支付的稅金9.Your _ tax rate is the total taxes you pay divided by your taxable income.A.deductible

8、B.residualC.totalD.average平均稅率E.marginal10._ refers to the cash flow that results from the firms ongoing, normal business activities.A.Cash flow from operating activities經(jīng)營(yíng)活動(dòng)現(xiàn)金流B.Capital spendingC.Net working capitalD.Cash flow from assetsE.Cash flow to creditors11._ refers to the changes in net cap

9、ital assets.A.Operating cash flowB.Cash flow from investing投資活動(dòng)產(chǎn)生的現(xiàn)金流C.Net working capitalD.Cash flow from assetsE.Cash flow to creditors12._ refers to the difference between a firms current assets and its current liabilities.A.Operating cash flowB.Capital spendingC.Net working capital凈營(yíng)運(yùn)資本是流動(dòng)資產(chǎn)與流動(dòng)負(fù)

10、債之差D.Cash flow from assetsE.Cash flow to creditors13._ is calculated by adding back noncash expenses to net income and adjusting for changes in current assets and liabilities.非現(xiàn)金費(fèi)用加凈利潤(rùn)，根據(jù)流動(dòng)資產(chǎn)和流動(dòng)負(fù)債的變化做出調(diào)整A.Operating cash flowB.Capital spendingC.Net working capitalD.Cash flow from operations經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流

11、E.Cash flow to creditors14._ refers to the firms interest payments less any net new borrowing.A.Operating cash flowB.Capital spendingC.Net working capitalD.Cash flow from shareholdersE.Cash flow to creditors向債權(quán)人支付的現(xiàn)金流=支付的利息凈新借入額15._ refers to the firms dividend payments less any net new equity raise

12、d.A.Operating cash flowB.Capital spendingC.Net working capitalD.Cash flow from creditorsE.Cash flow to stockholders向股東支付的現(xiàn)金流=支付的股利權(quán)益籌資凈額16.Earnings per share is equal to:每股收益A.net income divided by the total number of shares outstanding.凈利潤(rùn)/流通在外的股數(shù)B.net income divided by the par value of the common

13、stock.C.gross income multiplied by the par value of the common stock.D.operating income divided by the par value of the common stock.E.net income divided by total shareholders equity.17.Dividends per share is equal to dividends paid:每股股利A.divided by the par value of common stock.B.divided by the tot

14、al number of shares outstanding.股利/流通在外的股數(shù)C.divided by total shareholders equity.D.multiplied by the par value of the common stock.E.multiplied by the total number of shares outstanding.Which of the following are included in current assets?I. equipment設(shè)備II. Inventory存貨III. accounts payable應(yīng)付賬款I(lǐng)V. ca

15、sh現(xiàn)金A.II and IV onlyB.I and III onlyC.I, II, and IV onlyD.III and IV onlyE.II, III, and IV only19.Which of the following are included in current liabilities?I. note payable to a supplier in eighteen months應(yīng)付票據(jù)II. debt payable to a mortgage company in nine months短期負(fù)債III. accounts payable to suppliers

16、應(yīng)付賬款I(lǐng)V. loan payable to the bank in fourteen months長(zhǎng)期負(fù)債A.I and III onlyB.II and III onlyC.III and IV onlyD.II, III, and IV onlyE.I, II, and III only20.An increase in total assets:A.means that net working capital is also increasing.B.requires an investment in fixed assets.C.means that shareholders eq

17、uity must also increase.D.must be offset by an equal increase in liabilities and shareholders equity.總資產(chǎn)的增加必定對(duì)應(yīng)相應(yīng)負(fù)債和所有者權(quán)益的增加E.can only occur when a firm has positive net income.21.Which one of the following assets is generally the most liquid?A.inventoryB.buildingsC.accounts receivable應(yīng)收賬款D.equipmen

18、tE.patents22.Which one of the following statements concerning liquidity is correct?A.If you sold an asset today, it was a liquid asset.B.If you can sell an asset next year at a price equal to its actual value, the asset is highly liquid.C.Trademarks and patents are highly liquid.D.The less liquidity

19、 a firm has, the lower the probability the firm will encounter financial difficulties.E.Balance sheet accounts are listed in order of decreasing liquidity.資產(chǎn)負(fù)債表賬戶是按流動(dòng)性減弱排序的23.Liquidity is:A.a measure of the use of debt in a firms capital structure.B.equal to current assets minus current liabilities.

20、C.equal to the market value of a firms total assets minus its current liabilities.D.valuable to a firm even though liquid assets tend to be less profitable to own.在不引起價(jià)值大幅損失 的前提下，資產(chǎn)變現(xiàn)的方便與快捷成度E.generally associated with intangible assets.Which of the following accounts are included in shareholders eq

21、uity?I. interest paid利息費(fèi)用II. retained earnings留存收益III. capital surplus資本盈余IV. long-term debt長(zhǎng)期負(fù)債A.I and II onlyB.II and IV onlyC.I and IV onlyD.II and III onlyE.I and III onlyBook value:賬面價(jià)值A(chǔ).is equivalent to market value for firms with fixed assets.B.is based on historical cost.基于歷史成本C.generally te

22、nds to exceed market value when fixed assets are included.D.is more of a financial than an accounting valuation.E.is adjusted to market value whenever the market value exceeds the stated book value.When making financial decisions related to assets, you should:A.always consider market values.考慮市場(chǎng)價(jià)值B.

23、place more emphasis on book values than on market values.C.rely primarily on the value of assets as shown on the balance sheet.D.place primary emphasis on historical costs.E.only consider market values if they are less than book values.As seen on an income statement:A.interest is deducted from incom

24、e and increases the total taxes incurred.B.the tax rate is applied to the earnings before interest and taxes when the firm has both depreciation and interest expenses.C.depreciation is shown as an expense but does not affect the taxes payable.D.depreciation reduces both the pretax income and the net

25、 income.折舊會(huì)降低息稅前利潤(rùn)和凈利潤(rùn)E.interest expense is added to earnings before interest and taxes to get pretax income.28.The earnings per share will:A.increase as net income increases.B.increase as the number of shares outstanding increase.C.decrease as the total revenue of the firm increases.D.increase as t

26、he tax rate increases.E.decrease as the costs decrease.Dividends per share:每股股利A.increase as the net income increases as long as the number of shares outstanding remains constant.B.decrease as the number of shares outstanding decrease, all else constant.C.are inversely related to the earnings per sh

27、are.D.are based upon the dividend requirements established by Generally Accepted Accounting Procedures.E.are equal to the amount of net income distributed to shareholders divided by the number of shares outstanding.30.Earnings per share每股收益=凈收入/流通在外股數(shù)A.will increase if net income increases and numbe

28、r of shares remains constant.不變B.will increase if net income decreases and number of shares remains constant.C.is number of shares divided by net income.D.is the amount of money that goes into retained earnings on a per share basis.E.None of the above.According to Generally Accepted Accounting Princ

29、iples, costs are:A.recorded as incurred.B.recorded when paid.C.matched with revenues.資產(chǎn)應(yīng)按成本計(jì)價(jià)D.matched with production levels.E.expensed as management desires.Depreciation:A.is a noncash expense that is recorded on the income statement.非現(xiàn)金項(xiàng)目B.increases the net fixed assets as shown on the balance sh

30、eet.C.reduces both the net fixed assets and the costs of a firm.D.is a non-cash expense which increases the net operating income.E.decreases net fixed assets, net income, and operating cash flows.33.When you are making a financial decision, the most relevant重要的，有意義的 tax rate is the _ rate.A.averageB

31、.fixedC.marginal邊際稅率D.totalE.variable34.An increase in which one of the following will cause the operating cash flow to increase?A.depreciation折舊B.changes in the amount of net fixed capitalC.net working capitalD.taxesE.costs35.A firm starts its year with a positive net working capital. During the ye

32、ar, the firm acquires more short-term debt than it does short-term assets. This means that:A.the ending net working capital will be negative.B.both accounts receivable and inventory decreased during the year.C.the beginning current assets were less than the beginning current liabilities.D.accounts p

33、ayable increased and inventory decreased during the year.E.the ending net working capital can be positive, negative, or equal to zero.36.The cash flow to creditors includes the cash:A.received by the firm when payments are paid to suppliers.B.outflow of the firm when new debt is acquired.C.outflow w

34、hen interest is paid on outstanding debt.D.inflow when accounts payable decreases.E.received when long-term debt is paid off.37.Cash flow to stockholders must be positive when:A.the dividends paid exceed（超過(guò)） the net new equity raised.B.the net sale of common stock exceeds the amount of dividends pai

35、d.C.no income is distributed but new shares of stock are sold.D.both the cash flow to assets and the cash flow to creditors are negative.E.both the cash flow to assets and the cash flow to creditors are positive.38.Which equality is the basis for the balance sheet?A.Fixed Assets = Stockholders Equit

36、y + Current AssetsB.Assets = Liabilities + Stockholders EquityC.Assets = Current Long-Term Debt + Retained EarningsD.Fixed Assets = Liabilities + Stockholders EquityE.None of the aboveAssets are listed on the balance sheet in order of:A.decreasing liquidity.流動(dòng)性減弱B.decreasing size.C.increasing size.D

37、.relative life.E.None of the above.40.Debt is a contractual obligation（契約責(zé)任） that:A.requires the payout of residual flows to the holders of these instruments.B.requires a repayment of a stated amount and interest over the period.支付固定利息C.allows the bondholders to sue the firm if it defaults不履行.當(dāng)公司不履行

38、債務(wù)時(shí)債權(quán)人可以請(qǐng)求償還D.Both A and B.E.Both B and C.41.The carrying value or book value of assets:A.is determined under GAAP and is based on the cost of the asset.基于歷史成本B.represents the true market value according to GAAP.C.is always the best measure of the companys value to an investor.D.is always higher tha

39、n the replacement cost of the assets.E.None of the above.42.Under GAAP, a firms assets are reported at:A.market value.B.liquidation value.C.intrinsic value.D.cost.E.None of the above.43.Which of the following statements concerning the income statement is true?A.It measures performance over a specifi

40、c period of time.一段時(shí)間的經(jīng)營(yíng)成果B.It determines after-tax income of the firm.決定公司稅后利潤(rùn)C(jī).It includes deferred taxes.遞延稅D.It treats interest as an expense.把利息視做費(fèi)用E.All of the above.44.According to generally accepted accounting principles (GAAP), revenue is recognized as income when:A.a contract is signed to

41、perform a service or deliver a good.B.the transaction is complete and the goods or services are delivered.實(shí)現(xiàn)收入C.payment is requested.D.income taxes are paid.E.All of the above.Which of the following is not included in the computation估算 of operating cash flow?A.Earnings before interest and taxesB.Int

42、erest paid利息支付C.DepreciationD.Current taxesE.All of the above are included46.Net capital spending is equal to:資本性支出=固定資產(chǎn)出售-固定資產(chǎn)取得A.net additions to net working capital.B.the net change in fixed assets.C.net income plus depreciation.D.total cash flow to stockholders less interest and dividends paid.E

43、.the change in total assets.47.Cash flow to stockholders is defined as:A.interest payments.B.repurchases of equity less cash dividends paid plus new equity sold.C.cash flow from financing less cash flow to creditors.D.cash dividends plus repurchases of equity minus new equity financing.E.None of the

44、 above.48.Free cash flow is:自由現(xiàn)金流A.without cost to the firm.B.net income plus taxes.C.an increase in net working capital.D.cash that the firm is free to distribute to creditors and stockholders.現(xiàn)金可以自由的分配給債權(quán)人和股東E.None of the above.49.The cash flow of the firm must be equal to:A.cash flow to stockhold

45、ers minus cash flow to debtholders.B.cash flow to debtholders minus cash flow to stockholders.C.cash flow to governments plus cash flow to stockholders.D.cash flow to stockholders plus cash flow to debtholders.E.None of the above.50.Which of the following are all components 組成of the statement of cas

46、h flows?A.Cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities經(jīng)營(yíng)活動(dòng)，投資活動(dòng)，籌資活動(dòng)B.Cash flow from operating activities, cash flow from investing activities, and cash flow from divesting activitiesC.Cash flow from internal activities, cash flow

47、from external activities, and cash flow from financing activitiesD.Cash flow from brokering activities, cash flow from profitable activities, and cash flow from non-profitable activitiesE.None of the above.51.One of the reasons why cash flow analysis is popular is because:A.cash flows are more subje

48、ctive than net income.B.cash flows are hard to understand.C.it is easy to manipulate, or spin the cash flows.D.it is difficult to manipulate, or spin the cash flows.現(xiàn)金流很難編造和篡改E.None of the above.52A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivable, $100 in accounts payab

49、le, and $50 in cash. What is the amount of the current assets?A.$500B.$550C.$600D.$1,150E.$1,200Current assets = $300 + $200 + $50 = $55053.Total assets are $900, fixed assets are $600, long-term debt is $500, and short-term debt is $200. What is the amount of net working capital?A.$0B.$100C.$200D.$

50、300E.$400Net working capital = $900 - $600 - $200 = $10054.Brads Company has equipment with a book value of $500 that could be sold today at a 50% discount. Its inventory is valued at $400 and could be sold to a competitor for that amount. The firm has $50 in cash and customers owe it $300. What is

51、the accounting value of its liquid assets?A.$50B.$350C.$700D.$750E.$1,000Liquid assets = $400 + $50 + $300 = $75055.Marthas Enterprises spent $2,400 to purchase equipment three years ago. This equipment is currently valued at $1,800 on todays balance sheet but could actually be sold for $2,000. Net

52、working capital is $200 and long-term debt is $800. Assuming the equipment is the firms only fixed asset, what is the book value of shareholders equity?A.$200B.$800C.$1,200D.$1,400E.The answer cannot be determined from the information providedBook value of shareholders equity = $1,800 + $200 - $800

53、= $1,20056.Arts Boutique has sales of $640,000 and costs of $480,000. Interest expense is $40,000 and depreciation is $60,000. The tax rate is 34%. What is the net income?A.$20,400B.$39,600C.$50,400D.$79,600E.$99,600Taxable income = $640,000 - $480,000 - $40,000 - $60,000 = $60,000; Tax = .34($60,00

54、0) = $20,400; Net income = $60,000 - $20,400 = $39,60057.Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $126,500?A.21.38%B.23.88%C.25.76%應(yīng)納稅額/應(yīng)稅所得D.34.64%E.39.00%Tax = .15($50,000) + .25($25,000) + .34($25,000) + .39($126,500 - $100,000) = $32,585; Avera

55、ge tax rate = $32,585 $126,500 = .2576 = 25.76%58.The tax rates are as shown. Your firm currently has taxable income of $79,400. How much additional tax will you owe if you increase your taxable income by $21,000?A.$7,004B.$7,014C.$7,140D.$7,160E.$7,174Additional tax = .34($100,000 - $79,400) + .39(

56、$79,400 + $21,000 - $100,000) = $7,160Your firm has net income of $198 on total sales of $1,200. Costs are $715 and depreciation is $145. The tax rate is 34%. The firm does not have interest expenses. What is the operating cash flow?A.$93B.$241C.$340D.$383E.$485Earnings before interest and taxes = $

57、1,200 - $715 - $145 = $340; Tax = $198 (1 - .34) - $198 = $102; Operating cash flow = $340 + $145 - $102 = $383經(jīng)營(yíng)性現(xiàn)金流=息稅前利潤(rùn)-折舊+所得稅60.Teddys Pillows has beginning net fixed assets of $480 and ending net fixed assets of $530. Assets valued at $300 were sold during the year. Depreciation was $40. What

58、is the amount of capital spending?A.$10B.$50C.$90D.$260E.$390Net capital spending = $530 - $480 + $40 = $90資本性支出=期末固定資產(chǎn)凈值-期初固定資產(chǎn)凈值+折舊61.At the beginning of the year, a firm has current assets of $380 and current liabilities of $210. At the end of the year, the current assets are $410 and the current

59、 liabilities are $250. What is the change in net working capital?A.-$30B.-$10C.$0D.$10E.$30Change in net working capital = ($410 - $250) - ($380 - $210) = -$1062.At the beginning of the year, long-term debt of a firm is $280 and total debt is $340. At the end of the year, long-term debt is $260 and

60、total debt is $350. The interest paid is $30. What is the amount of the cash flow to creditors?A.-$50B.-$20C.$20D.$30E.$50Cash flow to creditors = $30 - ($260 - $280) = $5063.Petes Boats has beginning long-term debt of $180 and ending long-term debt of $210. The beginning and ending total debt balan