Q21. Under the direct method, what will Stone find Soft Corporation's projected net change in cash to be for the year ending December 31, 2005? A) $2,000,000. B) $9,000,000. C) $4,000,000.
Q22. An analyst has gathered the following information about a company: Income Statement for the Year 2005 |
| Sales |
| $1,500 | Expenses |
|
|
| COGS | $1,300 |
|
| Depreciation | 20 |
|
| Goodwill | 10 |
|
| Int. Expenses | 40 |
|
|
| Total expenses |
| 1,370 | Income from cont. op. |
| 130 |
|
| Gain on sale |
| 30 | Income before tax |
| 160 | Income tax |
| 64 | Net Income |
| $96 | | | | | | | | |
Additional Information: | Dividends paid | 30 | Common stock sold | 20 | Equipment purchased | 50 | Bonds issued | 80 | Fixed asset sold for (original cost of $100 with accumulated depreciation of $70) | 60 | Accounts receivable decreased by | 30 | Inventory decreased by | 20 | Accounts payable increased by | 20 | Wages payable decreased by | 10 |
What is the cash flow from investing? A) $130. B) $20. C) $10.
Q23. An analyst contemplates using the indirect method to create the projected statement of cash flows. She decides to research the differences between the direct and indirect methods. Which of the following is least likely a component of the statement of cash flows under the direct method? A) Payment of dividends. B) Net income. C) Property, Plant, & Equipment.
| 
发表于 2009-1-17 12:47
| 
