28、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
Which of the following trends may signal the beginning of a liquidity crisis for an entity? A. An increase in trade debt. B. A shift from operating debt to financing liabilities. C. An increase in trade credit and decrease in retained earnings. D. A shift from operating debt to increases in owners' contributed capital.
Correct answer = B
"Analysis of Financing Liabilities," Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, p. 465
Study Session 9-39-a
distinguish between operating and trade debt related to operating activities and debt generated by financing activities, and discuss the analytical implications of a shift between the two types of liabilities
A shift from operating debt to financing liabilities may indicate a company has reduced access to trade credit and may signal the beginning of a liquidity crisis. | 
发表于 2008-5-27 14:24
| 
