[CFA level 1模拟真题]Version 5 Questions－Q32 principles, otherwise, class, face, accounting

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Q32. Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. A company reported a large increase in gross profit margin compared to the prior year. The large increase in gross profit margin most likely resulted from a reduction in:

A. interest expense.

B. the marginal tax rate

C. the number of units in the LIFO inventory.

D. Solvency risk resulting from the issuance of additional shares of common stock

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答案详解如下：

Q32.   C    Study Session  9-40-c                  .

A LIFO liquidation matches old inventory costs with current revenues, and can produce an increase n the gross profit margin.

hollow

a

Linda_SCB

c

fantasy_ln

11

47dx

a

vivian1022

c

zhangrong

a

mummynunny

bb

shenyue

a