2008 CFA Level 1 － Sample 样题(1)－Q26 style, black, class

8586

26、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
The Regional Bank of Australia receives interest income on the loans it has outstanding. Durango Manufacturing Inc. also receives interest income on some surplus funds they currently have invested in corporate bonds. For each company, respectively, the interest income they receive would be classified as which type of business activity for financial reporting purposes?

	The Regional Bank of Australia	Durango Manufacturing Inc.
A.	Operating activity	Operating activity
B.	Operating activity	Investing activity
C.	Investing activity	Operating activity
D.	Investing activity	Investing activity

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

[此贴子已经被作者于2008-11-7 16:15:20编辑过]

8586

Correct answer = B

"Financial Reporting Mechanics," Thomas R. Robinson, Hendrik van Greuning, Karen O'Connor Rubsam, R. Elaine Henry, and Michael A. Broihahn (CFA Institute, 2007)
2008 Modular Level I, Vol. 3, p. 37
Study Session 7-30-a
identify the groups (operating, investing, and financing activities) into which business activities are categorized for financial reporting purposes and classify any business activity into the appropriate group
For a bank, lending money and earning interest on it is an operating activity; but for a manufacturing company, they are not in the business of lending or investing money and the interest they receive would be more correctly classified as an investing activity. 

rocky

b

zjy1228

thanks a lot

Riverview

thanks

刀剑如梦

谢谢哦！

zhangxie83

b

gening

thanks!

zhangxie83

b

oleander

b