Which of the following transactions is least likely to increase reported operating cash flow for the period?
A. Financing of payables.
B. Securitization of receivables.
C. Exercise of employee stock options.
查看答案
If a firms inventory turnover and number of days of payables both increase, the effect on a firms cash conversion cycle is:
A. To shorten it.
B. To lengthen it.
C. uncertain.
In the notes to its financial statements, Gilbert Company discloses a €400,000 reversal of an earlier writedown of inventory values, which increases this inventorys carrying value to €2,000,000. It is
A. The reasons for this reversal are also disclosed.
B. A gain of €400,000 appears on the income statement.
C. The net realizable value of this inventory is €2,000,000.
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.
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.