题目内容

Which of the following is least likely to be a motivation to over report net income?

A. Meet earnings expectations.
B. Negotiate labor union contracts.
C. Remain in compliance with bond covenants.

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Under a defined contribution pension plan, which of the following is recognized as a pension expense?

Actuarial gains and losses.
B. Periodic contributions to the plan.
C. Service costs incurred during the period.

Decreasing accounts payable turnover by delaying payments to suppliers is most likely to cause cash flow from financing activities to:

A. increase.
B. decrease.
C. Remain unchanged.

An analyst who is projecting a companys net income and cash flows is least likely to assume a constant relationship between the companys sales and its:

A. Interest expenses.
B. Cost of goods sold.
C. Noncash working capital.

With regard to the exercise of employee stock options, which of the following is least likely a concern to the analyst?

A. Increased operating cash flow from the tax benefits of exercise of the options.
B. Effects of exercise on investing cash flows.
Classification of the cash flow to repurchase shares.

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