答案和详解如下： Q1. Which of the following items is least appropriately described as a liability arising from an operating activity for a non-financial company? A) The current portion of long-term debt. B) Cash advances from customers. C) Trade payables. Correct answer is A)
The current portion of long-term debt arises from a financing activity. The other items listed arise from operating activities. Q2. Which of the following choices most accurately illustrates an operating liability and which most accurately illustrates a financing liability? Operating liabilities
Financing liabilities
A)
Accounts payable Current portion of long-term debt B) Short-term note payable Current portion of long-term debt C) Customer advances Accrued liabilities Correct answer is A)
Operating liabilities result from the operations of the firm and consist of operating and trade liabilities such as accounts payable, customer advances, and accrued liabilities. Financing liabilities are a result of prior financing inflows. Financing liabilities (current) include short-term notes payable and the current maturities of long-term debt. Q3. When a U.S. company pays dividends to its stockholders, which type of cash flow does this represent? A) Operating. B) Investing. C) Financing. Correct answer is C) Dividends paid to stockholders are considered cash outlays from financing according to U.S. GAAP. Q4. If Jackson Ski Company issues common stock, and uses the proceeds to purchase fixed assets such as equipment: A) both cash flow from operations and cash flow from financing would increase. B) cash flow from financing would decrease and cash flow from investing would increase. C) cash flow from financing would increase and cash flow from investing would decrease. Correct answer is C) Cash flow from financing increases when stock is issued, while cash flow from investing decreases when spending for purchases of fixed assets. | 
发表于 2009-1-17 11:01
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