答案和详解如下： Q1. Which of the following items would NOT be included in cash flow from investing? A) Proceeds related to acquisitions. B) Selling stock of the company. C) Buying or selling a building. Correct answer is B) Selling stock of the company would be a financing cash flow. Q2. Which of the following is NOT a cash flow in the calculation of cash flow from operations?
A) Interest income. B) Dividends received. C) Dividends paid. Correct answer is C) According to SFAS 95, dividends paid are treated as cash flow from financing. Q3. Which of the following does NOT represent a cash flow relating to operating activity?
A) Dividends paid to stockholders. B) Cash received from customers. C) Interest paid to bondholders. Correct answer is A)
Dividends paid to stockholders are considered cash flow relating to financing activity. However, U.S. GAAP requires interest paid to bondholders to be considered an operating activity. Q4. Interest payments, either as part of a coupon payment or to creditors, are always considered which type of cash flow? A) Financing. B) Operating. C) Investing. Correct answer is B) Any type of interest payment is always going to be considered an operating cash flow. Q5. Which of the following is NOT a cash flow from operation? A) interest payments. B) dividends received. C) dividends paid to shareholders. Correct answer is C) Dividends paid are a financing cash flow. Dividends received and interest paid are both operating cash flows. Q6. Holden Company’s fixed asset footnote included the following: - During 20X7, Holden sold machinery for a gain of $100,000. The machinery had an original cost of $500,000 and its accumulated depreciation was $240,000.
- At the end of 20X7, Holden purchased machinery at a cost of $1,000,000. Holden paid $400,000 cash. The balance was financed by the seller at 8% interest.
- Depreciation expense was $2,080,000 for the year ended 20X7.
Calculate Holden’s cash flow from investing activities for the year ended 20X7. A) $360,000 inflow. B) $40,000 outflow. C) $300,000 outflow. Correct answer is B) Given the gain of $100,000 and book value of the machinery sold of $260,000 ($500,000 original cost – $240,000 accumulated depreciation), the proceeds from the sale of the machinery were $360,000 ($100,000 gain + $260,000 book value). For 20X7, CFI was an outflow of $40,000 ($360,000 sale proceeds – $400,000 machinery purchase). The $600,000 financed by the seller is a non-cash transaction and is reported in the notes to the cash flow statement. | 
发表于 2009-1-17 10:56
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