答案如下
Pacific, Inc.’s financial information for the year ended December 31, 2001 included the following (“change” refers to the difference since December 31, 2000) (in $ millions):
|
Net Income |
27 |
|
Change in Accounts Receivable |
+4 |
|
Change in Accounts Payable |
+1 |
|
Change in Inventory |
+5 |
|
Loss on sale of equipment |
-8 |
|
Gain on sale of real estate |
+4 |
|
Change in Retained Earnings |
+21 |
|
Dividends declared and paid |
+4 |
Pacific, Inc.’s cash flow from operations (CFO) for the year ended December 31, 2001 (in $ millions) was:
|
A) |
$27. |
|
B) |
$21. |
|
C) |
$15. |
|
D) |
$23. |
Answer D
Using the indirect method, cash flow from operations is net income less increase in accounts receivable, plus increase in accounts payable, less increase in inventory, plus loss on sale of equipment less gain on sale of real estate (27 – 4 + 1 – 5 + 8 – 4 =) $23 million. | 
发表于 2006-4-7 19:52
| 