[CFA模拟真题] 2006 CFA Level I －NO28 accounting, otherwise, face, principles

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28. Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

 

An analyst suspects that a particular company's financial statements may require adjustment because the company uses take-or-pay agreements. The most likely effect of the appropriate adjustments on the company's return on assets (ROA) and debt-to-equity ratio, respectively, would be:

 

	ROA	Debt-to-equity ratio
A.	Increase	Increase
B	Increase	Decrease
C	Decrease	Increase
D	Decrease	Decrease

 

 

 

 

 

 

Select exactly 1 answers from the following:
A. B. C. D.
答案和详解如下！
Feedback: Correct answer: C

 

The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried (Wiley, 2003), pp. 376?77

2006 Modular Level I, Vol. II, pp. 958-960

Study Session 10-44-d

describe the types and economic consequences of off-balance-sheet financing and determine how take-or-pay contracts, throughput arrangements, and the sale of receivables affect selected financial ratios

 

The adjustment would increase both assets and debt. The increase in assets would reduce the return on assets and the increase in debt would increase the debt-to-equity ratio.

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c

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c

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c

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game_four

c

kristinejb

3

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222

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d?