题目内容

Competitive threats to the profitability or financial stability of a firm are best categorized as an accounting fraud risk factor related to:

A. opportunities.
B. Incentives and pressures.
C. Attitudes and rationalizations.

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The ratio of a firms property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is best interpreted as an estimate of the

Average age of the firms assets.
B. Average useful life of the firms assets.
C. Remaining useful life of the firms assets.

After a share repurchase, book value per share is most likely to increase if, pre-purchase, BVPS was:

A. Greater than the market price per share.
B. Less than the market price per share.
C. negative.

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.

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.

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