|
- UID
- 223191
- 帖子
- 221
- 主题
- 173
- 注册时间
- 2011-7-11
- 最后登录
- 2016-9-1
|
Hi,
Maybe I’m missing something but I can’t figure out this sum in Schweser on pg 24 of the FSA module.
It has to do with the basic classification of accounts into the various elements.
I don’t get:
A) How inventory has moved from 7K in 07 to 5K in 08?
B) How Accounts Receivable has moved from 9K in 07 to 10K in 08?
C) How Accounts Payable has moved from 5K in 07 to 9K in 08?
D) How the the figure of 99K for Cash Collections in the CF statement has been arrived at?
The extra information is:
Note these key relationships among the financial statements:
The income statement shows that net income “’as $37,509 in 20X8. The company
declared $8,500 of that income as di”idcnds to its shareholders. The remaining
$29,000 is an increase in retained earnings. Retained earnings on the balance sheet
increased by $29,000, from $30,000 in 20X? to $59,000 in 20X8.
The cash flow statement shows a $24.000 net increase in cash. On the balance
sheet, cash increased by $24,000. from $9.000 in 20X7 to $33,000 in 20X8.
One of the uses of cash shown on the cash flow statement is a repurchase of stock
for $10,000. The balance sheet shows this $10,000 repurchase as a decrease in
common stock, from $50,000 in 20X7 to $40,000 in 20X8.
The statement of owners’ equity reflects the changes in retained earnings and
contributed capital (common stock). Owners’ equity increased by $19,000, from
$80,000 in 20X7 to $99,000 in 20X8. This equals the $29,000 increase in retained
earnings less the $10,000 decrease in common StOck.
Is this just an example lacking detail or am I missing something?Cos these were the bits that did not add up for me… |
|
发表于 2013-4-2 11:29
|