CFA Level 1 － 模考试题(2)(AM) Q51-55 maroon, normal, 考试题, style, class

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Question 51

Oregon Corp.’s stock transactions during the year were as follows:

January 1:	320,000 shares issued and outstanding
April 1:	1 for 2 reverse stock split occurred
July 1:	Acquisition of Smith, Inc. in exchange for issuance of 60,000 shares in a purchase method transaction
October 1:	30,000 shares issued for cash

What is Oregon’s weighted average number of shares outstanding?

 

 

A)    250,000.

B)   197,500.

C)   277,500.

D)   167,500.

Question 52

This year, Eberman Inc. recorded $42,000 in net income, paid out $50,000 in dividends, and issued $7,000 of new shares. As a result of these transactions, which of the following net changes in assets and owners’ equity will result?

       Assets      Owners' equity

A)    Increase      Decrease

B)   Decrease    Decrease

C)   Decrease    Increase

D)   Increase      Increase

Question 53

 

 

A simple capital structure is least likely to include:

 

 

A)    convertible bonds.

B)   callable preferred stock.

C)   class B common shares.

D)   treasury stock.

Question 54

 

 

Compared to an operating lease, a capital lease will have what effects on operating income and net income in the first year?

 

 

       Operating income   Net income

A)    Increase      Decrease

B)   Decrease    Decrease

C)   Increase      Increase

D)   Decrease    Increase

Question 55

Balance sheets of Johns Company and Peters, Inc. as of December 31 are as follows: (in $ millions)

Johns Company
Cash	60		Accounts Payable	60
Accounts Receivable	90		Long-term Debt	80
Inventory	30		Common Stock	70
Property, Plant & Equip. (net)	100		Retained Earnings	70
Total Assets	280		Total Liabilities & Equity	280
Peters, Inc.
Cash	120		Accounts Payable	180
Accounts Receivable	180		Long-term Debt	500
Inventory	540		Common Stock	840
Property, Plant & Equip. (net)	900		Retained Earnings	220
Total Assets	1,740		Total Liabilities & Equity	1,740

Comparing current, quick, and cash liquidity measures for these two companies would lead an analyst to conclude that:

 

 

A)    Peters is more liquid than Johns using all three ratios.

B)   Johns is more liquid than Peters using all three ratios.

C)   Johns is generally more liquid than Peters, but quick liquidity measures favor Peters.

D)   Peters is generally more liquid than Johns, but quick liquidity measures favor Johns.

[此贴子已经被作者于2008-11-8 14:09:56编辑过]

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