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答案和详解如下：

56 Correct answer is A

“Understanding the Balance Sheet,” Thomas R. Robinson, Jan Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, pp. 218-220
“Analysis of Long-Lived Assets: Part I – The Capitalization Decision,” Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, pp. 354-355
Study Sessions 8-33-e, 9-36-b
explain the measurement bases (e.g., historical cost and fair value) of assets and liabilities, including current assets, current liabilities, tangible assets, and intangible assets;
determine which intangible assets, including software development costs and research and development costs, should be capitalized, according to U.S. GAAP and international accounting standards
The purchased customer list is an identifiable intangible because it can be sold separately from the company and it would be recorded at its fair market value, the amount paid for it in the acquisition, $50,000. The amount spent by Popular on its own lists, $15,000, would have to be expensed because internally generated intangibles are not capitalized.

57 Correct answer is C

“Understanding the Income Statement,” Thomas R. Robinson, Jan Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, p. 169
“Analysis of Long-Lived Assets: Part II – Analysis of Depreciation and Impairment,”
Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, pp. 403-404
Study Session 9-37-d
explain and illustrate the use of impairment charges on long-lived assets, and analyze the effects of taking such impairment charges on a company’s financial statements and ratios
The equipment is impaired. NBV = $550,000, which is greater than the sum of the undiscounted cash flows 5 years x $80,000 = $400,000. The amount of the impairment is 550,000 – PV of the cash flows = 550,000 – 319,417 (PMT = 80,000, N = 5, i = 8%) = 230,583. The company’s ROA will increase. There will be lower depreciation charges in the future, which will increase net income, and a lower carrying value of assets, which decreases total assets. Both factors would increase any future ROA.

58 Correct answer is B

“Analysis of Income Taxes,” Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, pp. 439-440
Study Session 9-38-d
explain the factors that determine whether a company’s deferred tax liabilities should be treated as a liability or as equity for purposes of financial analysis
The classification of deferred taxes as liabilities or equity depends on the likelihood, or expectation, of reversal. For growing firms and those using accelerated methods of depreciation, the temporary differences tend not to reverse. If the analyst determined the deferred tax liabilities were likely to reverse, and hence should be classified as liabilities, then it would be appropriate to discount them at the company’s average discount rate. But the discount rate is not a factor in determining if reversal is likely.

59 Correct answer is C

“Leases and Off-Balance-Sheet Debt,” Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, pp. 545-551.
Study Session 9-40-d
distinguish between sales-type leases and direct financing leases and explain the effects of these types of leases on the financial statements of lessors
It is a sales type lease: the lease period covers more than 75% of its useful life (5/6) and the asset is on their books at less than the present value of the lease payments ($199,635) (PMT = $50,000, N=5, i=8%). They must have acquired or manufactured the asset if it is recorded at less than the present value of the lease payments. As a sales type lease they will recognize gross profit for the difference of the present value and the cost (199,635 - 160,000 = 39,635) and then interest income on the net investment in the lease (0.08 x 199,635 = 15,971).

60 Correct answer is B

“Financial Statement Analysis: Applications,” Thomas R. Robinson, Jan Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, pp. 649-650
Study Session 10-42-c
describe the role of financial statement analysis in assessing the credit quality of a potential debt investment
Credit analysis is concerned with a company’s debt-paying ability. Returns to creditors are normally paid in cash, so the company’s ability to generate cash internally is the most important factor in credit analysis.