CFA L2 退休金現金流量問題 退休金, 流量

phil94

在看notes的時候對於這道題的現金流量調整有點問題
                                                                                                                                               
Bhaskar Thakur is analyzing the financial statements of Box Car (BC) Inc., amanufacturer of equipment for the railroad industry.


Thakur notices that BC has adefined benefit pension plan in place. He finds out that the company made a € 340million contribution to the plan during the year.


He collects the following additionalinformation about the company:

                                       
Funded Status (beginning of the year) € 2,530Funded Status (end of the year) € 2,180

                                       
BC reported a net income during the year of€812 million. Cash flow from operatingactivities and financing activities were reported as € 948 million and € 112 millionrespectively. BC's tax rate was 40% during the year.


對於營業/融資活動現金流量調整的計算，為何題目解法是用TPPC-contribution稅後的金額從融資活動調整至營業活動，而不是直接用contribution的金額呢？


謝謝！