答案和详解如下： Correct answer is A) Using the easiest method of all, the difference in the cash account at the end of 2004 and the cash balance projected for the end of 2005 is $26.0 million - $24.0 million = $2.0 million. If the cash balances were not available, the change in cash could be calculated using the indirect method. Starting with cash flow from operations (CFO) in $ millions projected for 2005: Net Income
| 43
| Add: Noncash Expenses or Losses
|
| Depreciation
| 5
| Add: Changes in Current Assets and Liabilities
|
| Less: Increase in Accounts Receivable
| -7
| Less: Increase in Inventory
| -50
| Plus: Increase in Accounts Payable
| 10
| Net Cash Flow from Operations (CFO)
| 1
|
|
| Increase in Property Plant & Equipment
| -25
| Net Cash Flow from Investing (CFI)
| -25
|
|
| Increase in Long-Term Debt
| 20
| Increase in Common Stock
| 10
| Less: Dividends Paid (10 million × $0.40)
| - 4
| Net Cash Flow from Financing (CFF)
| 26
|
Net Cash Flow = CFO + CFI + CFF = 1 – 25 + 26 = $2 million. | 
发表于 2009-3-27 14:00
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