[CFA level 1模拟真题]Version 4 Questions－Q23 face, accounting, particular, principles, statements

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Q23. Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

An analyst suspects that a particular company’s financial statements may require adjustment because the company uses throughput agreements. The most likely effect of the appropriate adjustments on the company’s return on assets (ROA) and debt-to-equity ratio, respectively, would be:

	ROA	Debt-to-equity ratio
A	Increase	Increase
B	Increase	Decrease
C	Decrease	Increase
D	Decrease	Decrease

 

A. Answer A

B. Answer B

C. Answer C

D. Answer D

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答案和详解如下：

Q23.  C  07 Modular level 1, Vol.1, pp 576-577   Study Sessions 10-46-c

The adjustment would increase both assets and debt. The increase in assets would decrease the ROA and the increase in debt would increase the debt-to-equity ratio because equity would not change.

yayalei

thanks

LEEFEI571

选c

水模样

throughput agreement?

fantasy_ln

see

Linda_SCB

c

jungle1009

see

ondesert

kk

technet

c