标题: CFA Level 1 - 模考试题(2)(AM) Q51-55 [打印本页]
作者: bingning 时间: 2008-5-26 12:00 标题: 2008 CFA Level 1 - 模考试题(2)(AM) Q51-55
Question 51
Oregon Corp.’s stock transactions during the year were as follows:
| 320,000 shares issued and outstanding |
| 1 for 2 reverse stock split occurred |
| Acquisition of Smith, Inc. in exchange for issuance of 60,000 shares in a purchase method transaction |
| 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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