[CFA level 1模拟真题]Version 4 Questions－Q33 face, otherwise, collected, principles, accounting

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Q33. Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

A company accrued wages of $2,000 and collected accounts receivable of $10,000. What are the most likely effects of these two transactions on the company’s current ration and cash flow  from operations, respectively?

	Current ratio	Cash flow from operations
A	Increase	Increase
B	Increase	Decrease
C	Decrease	Increase
D	Decrease	Decrease

 

A. Answer A

B. Answer B

C. Answer C

D. Answer D

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答案和详解如下：

Q33  C  07 Modular Level I, Vo1.3,pp.128.129 ,213-216  Study Sessions 7-35-c,8-38-c

Accruing wages increases current liabilities, but collecting receivables has no effect on current assets; the current ratio decreases. Collecting accounts receivable increases cash flow from operations.

LEEFEI571

选a

水模样

both increase

fantasy_ln

see

Linda_SCB

c

jungle1009

see

technet

b

stonede

kk

irismay

thanks