[CFA模拟真题] 2006 CFA Level I －NO25 class, principles, accounting, otherwise, collected

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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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