Q34.Two company are identical except for their accounting treatment of research and development costs, One company expenses all costs immediately, while the other company capitalizes a portion of the costs. Compared to the company that capitalizes costs, the company that expenses immediately will most likely: A. earn a lower return on assets. B. Have lower financial leverage. C. Exhibit a smoother pattern of net income over time. D. Report lower cash flow from operations in the statement of cash flows.
答案和详解如下：
Q34. D Study Session 9-42.a,b Company that capitalize research and development costs report those expenditures in the investing activities section of the statement of cash flow; companies that expense research and development costs report those expenditures in cash flow from operations.
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发表于 2007-11-7 09:53
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