51、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following annual information ($ millions) about a company that pays no dividends and has no debt: Net income | 45.8 | Depreciation | 18.2 | Loss on sale of equipment | 1.6 | Decrease in accounts receivable | 4.2 | Increase in inventories | 3.4 | Increase in accounts payable | 2.5 | Capital expenditures | 7.3 | Proceeds from sale of stock | 8.5 |
The company's annual free cash flow to equity ($ millions) is closest to: Select exactly 1 answer(s) from the following: A. 53.1. B. 58.4. C. 61.6. D. 64.0.
52、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Which of the following statements best describes the level of accuracy provided by a standard audit report? Select exactly 1 answer(s) from the following:
A. There is full assurance that the financial statements are fairly presented. B. There is reasonable assurance that the financial statements contain no errors. C. There is full assurance that the financial statements are free of material errors. D. There is reasonable assurance that the financial statements are fairly presented.
53、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Making any necessary adjustments to the financial statements to facilitate comparison with respect to accounting choices is done in which step of the financial statement analysis framework? Select exactly 1 answer(s) from the following: A. Collect data B. Process data C. Analyze/interpret the processed data D. Develop and communicate conclusions
54、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
During 2007 Nagano Incorporated, a manufacturing company, reported the following items on their income statement: Loss on disposal of fixed assets | $50,000 | Interest expense | $62,500 |
The correct classification of each of these items on the income statement would be as a(n):
| Loss on disposal
of fixed assets | Interest expense | A. | operating item | operating item | B. | operating item | nonoperating item | C. | nonoperating item | operating item | D. | nonoperating item | nonoperating item |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D. 55、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
The following information was available from the accounting records of a company as at December 31, 2007: Accounts payable | $20,000 | Accounts receivable | 82,000 | Bank loan, due on demand | 44,000 | Cash | 12,500 | Income taxes payable | 5,000 | Inventory | 47,400 | Investments accounted for by the equity method | 112,000 | Loan payable, due June 30, 2009 | 50,000 | Deposits from customers for deliveries in 2008 | 8,000 |
The working capital for the company is closest to: Select exactly 1 answer(s) from the following: A. $14,900. B. $64,900. C. $72,900. D. $176,900.
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发表于 2008-11-5 18:56
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