答案和详解如下： 11.Which of the following is NOT a cash flow in the calculation of cash flow from operations? A) Dividends received. B) Dividends paid. C) Interest income. D) Interest paid. The correct answer was B) According to SFAS 95, dividends paid are treated as cash flow from financing. 12.Which of the following items would NOT be included in cash flow from investing? A) Buying or selling a building. B) Buying stock of a different company. C) Proceeds related to acquisitions. D) Selling stock of the company. The correct answer was D) Selling stock of the company would be a financing cash flow. 13.Which of the following does NOT represent a cash flow relating to operating activity? A) Cash received from customers. B) Interest paid to bondholders. C) Cash paid for salaries. D) Dividends paid to stockholders. The correct answer was D) Dividends paid to stockholders are considered cash flow relating to financing activity. However, U.S. GAAP requires interest paid to bondholders to be considered an operating activity. 14.What are the main components of cash flow from operations? A) Changes in accounts receivable, inventory, accounts payable, and items that flow through the income statement. B) Capitalization activities, sale of assets, and purchasing securities. C) Dividends, long-term debt, and ownership funds. D) Repayment of bonds, issuance of common stock, and stock splits. The correct answer was A) The main components of cash flow from operations are changes in working capital items (accounts receivable, inventory, accounts payable), and items that flow through the income statement. Capitalization activities, sale of assets and purchases of securities would all be part of cash flows from investing. Dividends, long-term debt and ownership funds would be part of the cash flows from financing. Repayment of bonds and issuance of common stock would also be part of cash flows from financing. The stock split would be a non-cash activity. 15.Which of the following would NOT be a component of cash flow from investing? A) Sale of land. B) Purchase of securities. C) Dividends paid. D) Purchase of equipment. The correct answer was C) Dividends paid is not a component of cash flow from investing, it is a component of cash flow from financing. The other items are all components of cash flow from investing. 16.When a U.S. company pays dividends to its stockholders, which type of cash flow does this represent? A) Investing. B) Operating. C) Financing. D) Free cash flow. The correct answer was Dividends paid to stockholders are considered cash outlays from financing according to U.S. GAAP. | 
发表于 2008-4-11 17:18
| 