25. Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
A company collected $20,000 in accounts receivable and repaid $15,000 in short-term loans. The combined effect of these two transactions is to change the company's cash flow from operations by an amount closest to:
Select exactly 1 answers from the following:
A. -$5,000. B. $5,000. C. $20,000. D. $35,000.
答案和详解如下！
Feedback: Correct answer: C
The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried (Wiley, 2003), pp. 76?2 2006 Modular Level I, Vol. II, pp. 584-592 Study Session 7-33-a classify a particular transaction or item as cash flow from 1) operations, 2) investing, or 3) financing
The collection of accounts receivable would increase cash flow from operations $20,000. The repayment of short-term debt would have no effect on cash flow from operations; it would be included in cash flow from financing.
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发表于 2006-11-21 11:53
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