[CFA模拟真题] 2006 CFA Level I －NO83 face, accounting, principles, otherwise, applies

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23．Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

 

A company accrued wages of $2,000 and collected accounts receivable of $10,000. What are the most likely effects of these two transactions on the company's current ratio and cash flow from operations, respectively?

 

	Current ratio	Cash flow from operations
A	Increase	Increase
B	Increase	Decrease
C	Decrease	Increase
D	Decrease	Decrease

 

Select exactly 1 answers from the following: A. B. C. D.
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. 78?2. 揂nalysis of Financial Statements,?Ch. 10, pp. 319?58 and Exhibits 10.1, 10.2, and 10.3, Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (Dryden, 2003), pp. 323

2006 Modular Level I, Vol. II, pp. 586-592, 645-648

Study Session 7-33-a; 8-35-b

classify a particular transaction or item as cash flow from 1) operations, 2) investing, or 3) financing;

calculate, interpret, and discuss the uses of measures of a company抯 internal liquidity, operating performance (i.e., operating efficiency (activity) and operating profitability), risk profile, and growth potential

 

Accruing wages increases current liabilities, but collecting receivables has no effect on current assets; the current ratio decreases. Collecting accounts receivable increases cash flow from operations.

redway

c

PetPiggy

c,en~~

kristinejb

3

zyx8318

[em03]

pippi

[em01]

deanwj

a

vivian1022

a

alexpeter

ok

zyuanqian

b