题目内容

Sale of obsolete equipment would be classified as:

A. Operating cash flow.
B. Investing cash flow.
C. Financing cash flow.

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Which of the following transactions affects owners equity but does not affect net income？

A. Foreign currency translation gain.
B. Repaying the face amount on a bond issued at par.
C. Dividends received from available-for-sale securities.

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Which of the following is most likely for a firm with high inventory turnover and lower sales growth than the industry average？ The firm:

A. Is managing its inventory effectively.
B. May have obsolete inventory that requires a write-down.
C. May be losing sales by not carrying enough inventory.

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In preparing a common-size cash flow statement, each cash flow is expressed as a percentage of:

A. Total assets.
B. Total revenues.
C. The change in cash.

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Which of the following disclosures would least likely be found in the financial statement footnotes of a firm？

Accumulated depreciation.
B. Carrying values by asset class.
C. Average age of assets.

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Sale of obsolete equipment would be classified as:

A. Operating cash flow. B. Investing cash flow. C. Financing cash flow.

Which of the following transactions affects owners equity but does not affect net income？

Which of the following is most likely for a firm with high inventory turnover and lower sales growth than the industry average？ The firm:

In preparing a common-size cash flow statement, each cash flow is expressed as a percentage of:

Which of the following disclosures would least likely be found in the financial statement footnotes of a firm？

A. Operating cash flow.
B. Investing cash flow.
C. Financing cash flow.