答案和详解如下： Q1. To convert an indirect statement of cash flows to a direct basis, the analyst would: A) subtract increases in inventory from cost of goods sold. B) add increases in accounts payable to cost of goods sold. C) add decreases in accounts receivables to net sales. Correct answer is C) A decrease in accounts receivable represents an increase in cash so this should be added to sales. Increases in accounts payable represent an increase in cash so these should be subtracted from cost of goods sold. Increases in inventory represent a use of cash so these would be added to cost of goods sold. Q2. To convert an indirect statement of cash flows to a direct basis, the analyst would: A) reduce cost of goods sold by any decreases in accounts payable. B) increase cost of goods sold by any depreciation that was included. C) reduce cost of goods sold by any decreases in inventory. Correct answer is C) Decreases in inventory represent a source of cash so these would be subtracted from cost of goods sold. Any depreciation and/or amortization included in the cost of goods sold does not represent an actual use of cash, so this amount should be subtracted from cost of goods sold. Decreases in accounts payable represent a use of cash so these should be added to cost of goods sold. | 
发表于 2009-1-17 13:53
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