Q1. Which of the following is least likely to be considered off-balance-sheet financing? A) Take-or-pay contract. B) Debt through finance subsidiaries. C) Finance lease.
Q2. To adjust a statement of cash flows for a sale of receivables with recourse, the analyst should: A) increase the cash flows from financing. B) increase the cash flows from operations. C) decrease the cash flows from investing.
Q3. Which of the following best describes a take-or-pay contract? In a take-or-pay contract: A) the purchasing firm commits to buying up to a maximum quantity of an input over a specified time period. B) input prices are fixed over the life of the contract. C) the purchasing firm commits to buying a minimum quantity of an input over a specified time period.
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发表于 2009-1-19 11:48
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