60. Two software companies that report their financial statements under U.S. GAAP (generally accepted accounting principles) are identical except as to how soon they judge a project to be technologically feasible. One firm does so very early in the development cycle while the other usually waits until just before the project is released to manufacturing. Compared to the company that judges technological feasibility early, the one that waits until closer to manufacturing will most likely report lower:
A. financial leverage.
B. total asset turnover.
C. cash flow from operations.
我是这么想的，我用的是排除法，A里面我觉得因为不管怎么开发都是在ASSET项目里面结转，和D E没关系，所以A/E是不变的
B也是用类似的方式判断，A不变，SALES没有提到默认一样，那么B也一样，所以选了C
官方答案是U.S. GAAP requires that a company expense costs related to software development until product feasibility is established and capitalize any costs thereafter. The company that capitalizes these software development costs reports the expenditures in the investing activities section of the statement of cash flows; the company that expenses software development costs reports the expenditures in the cash flow from operations.，可能我英语还不过关总归觉得有点不是特别理解，希望老师用中文解释下，，，顺便看看我之前的排除法做的有没有问题谢谢作者: apf薛老师 时间: 2013-9-10 02:42
