Q1: The following information is extracted from a financial statement:
Net income $1000 Decrease in accounts receivable 120 Increase in inventory 40 Increase in accounts payable 20 Decrease in wages payable 10 Increase in deferred taxes 40 Depreciation 100 Profit from the sale of fixed assets 10 Dividends paid out 80
Cash flow from operations is:
A. $940. B. $1020. C. $860. D. none of the above.
解答给的答案是A,但是我算出来的是$1230。请教大家的答案。
Q2: Which of the following definitions used in accounting for income taxes is TURE?
A. A valuation allowance is a reserve against deferred tax assets. B. A timing difference is the result of tax return treatment of a transaction that differs from its financial reporting treatment. C. Statement A and B. D. None of the above. 解答给的答案是D,但是我觉得是C。我认为A和B都正确啊。 Q3. Which type of institutional investor must balance the need for current income and the need for long-term protection of capital?
A. bank. B. pension fund. C. endowment fund.
D. none of the above
答案是C,但是我选择的是B,请问这题的解题思路?
谢谢!
[此贴子已经被作者于2007-11-29 3:10:40编辑过] |