hhfa7ech12tif with CompchWord下载.docx

hhfa7ech12tif with CompchWord下载.docx

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screditorstoevaluatethefirm'

sabilitytopaydividends.

12.1-3Thestatementofcashflowsreportstheinvestmentsthecompanyismakinginlong-termassets.

TrueLO:

12.1-4Highlyliquidshort-terminvestmentsthatcanbeconvertedintocashquicklyareincludedinthedefinitionofcash.

2EOC:

12.1-5InvestmentsinU.S.GovernmentTreasurybillsareclassifiedascashequivalents.

TrueLO:

12.1-6Thestatementofcashflowshelpspredictfuturecashflows.

12.1-7Astatementofcashflows:

A.istypicallypreparedattherequestofmajorcreditors.

B.maybecombinedwiththebalancesheet.

C.maybecombinedwiththeincomestatementattheoptionofmanagement.

D.isabasicfinancialstatementrequiredforpublicly-heldcompanies.

DLO:

12.1-8Highlyliquidshort-terminvestmentsthatareeasilyconvertibleintocasharecalled:

A.cashreserves.

B.accountsreceivable.

C.tradingsecurities.

D.cashequivalents.

12.1-9Thestatementofcashflowsisdesignedtofulfillallofthefollowingpurposesexceptto:

A.assessthecollectibilityofaccountsreceivable.

B.showtherelationshipofnetincometochangesinthecompany'

scash.

C.helppredictfuturecashflows.

D.evaluatemanagementdecisions.

ALO:

12.1-10Creditorsanalyzethestatementofcashflowstodetermine:

A.whetherornotthecompanycanpayinterestondebt.

B.totalinterestearnedduringtheperiod.

C.thequalityofthecompany'

searnings.

D.alloftheabove.

12.1-11Whichofthefollowingisconsideredtobeacashequivalent?

A.Commercialpaper

B.Notesreceivable

C.InvestmentsinU.S.GovernmentTreasurybonds

D.Tradingsecurities

12.2-1Ifabusinessistoprosperinthefuture,itmustgeneratemostofitscashfromoperatingactivities.

12-2Diff:

P12-50A

12.2-2Changesinlong-termassetsandlong-termliabilitiesarereportedasinvestingactivities.

12.2-3Ofthethreetypesofbusinessactivitiesreportedonastatementofcashflows,financingactivitiesarethemostimportantwhenevaluatingabusinessthatisupandrunning.

12.2-4Becausetheyrepresentlong-termdecisions,investingactivitiesareregardedasthemostimportantactivitiesonthestatementofcashflows.

12.2-5Collectionsonaloanarereportedasfinancingactivitiesonthestatementofcashflows.

12.2-6TheindirectmethodofpreparingthestatementofcashflowsispreferredbytheFASBbecauseitclearlyrelatesnetincometonetcashprovidedbyoperatingactivities.

E12-15

12.2-7Investmentsthatdonotrequirecashcanbereportedonaseparatescheduleunderthestatementofcashflows.

12.2-8Whichofthethreetypesofactivitiesreportedonthestatementofcashflowsisthemostcriticalforevaluatingacompany'

sviability?

A.Financingactivities

B.Investingactivities

C.Operatingactivities

D.Allofthesectionsareequallyimportant.

CLO:

12.2-9Increasesanddecreasesinthelong-termassetsavailabletoacompanyarereportedonthestatementofcashflowsas:

A.investingactivities.

B.financingactivities.

C.operatingactivities.

D.bothoperatingandinvestingactivities.

12.2-10Increasesanddecreasesinthelong-termliabilityaccountsarereportedonthestatementofcashflowsas:

B.operatingactivities.

C.financingactivities.

12-2Diff:

12.2-11Changesinthecurrentassetandcurrentliabilityaccountsarereportedonthestatementofcashflowsas:

A.operatingactivities.

C.investingactivities.

D.follows—changesinthecurrentassetaccountsarereportedasinvestingactivitiesandchangesincurrentliabilityaccountsarereportedasfinancingactivities.

2EOC:

12.2-12Cashreceivedfromcustomerswouldbereportedonthestatementofcashflows:

A.underoperatingactivities.

B.underinvestingactivities.

C.underfinancingactivities.

D.inthescheduleofnoncashinvestingandfinancingactivities.

P12-51A

12.2-13Cashreceivedfromtheissuanceofbondswouldbereportedonastatementofcashflowsunder:

A.theoperatingactivities.

B.thefinancingactivities.

C.theinvestingactivities.

D.nocategory,becauseissuingbondsforcashwouldnotbereportedonastatementofcashflows.

BLO:

12.2-14Interestpaidondebtwouldbereportedonastatementofcashflowsunder:

D.nocategory,becauseinterestpaidondebtwouldnotbereportedonastatementofcashflows.

12.2-15Thereceiptofinterestonloanswouldbereportedonastatementofcashflowsunder:

A.thefinancingactivities.

B.theinvestingactivities.

C.theoperatingactivities.

D.nocategory,becauseinterestreceivedonloanswouldnotbereportedonastatement

ofcashflows.

12.2-16Afirm'

srevenue-earningactivitiesappearonthestatementofcashflowsas:

D.bothoperatingandfinancingactivities.

12.2-17Purchasesandsalesofwhichofthefollowingarereportedundertheinvestingactivitiessectionofthestatementofcashflows?

A.Available-for-salesecurities

B.Tradingsecurities

C.Held-to-maturitysecurities

D.Alloftheabove

12.2-18Thepurchaseofheld-to-maturitysecuritieswouldbereportedonastatementofcashflowsas:

A.financingactivities.

B.investingactivities.

C.operatingactivities.

D.nothing—held-to-maturitysecuritieswouldnotbereportedonastatementofcashflows.

BLO:

12.2-19Acquisitionsoftreasurystockwouldbereportedonastatementofcashflowsas:

B.investingactivities.

D.eitherinvestingactivitiesoroperatingactivities

12.2-20Thepurchaseoftreasurystockwouldbereportedonastatementofcashflowsasa:

A.cashinflowundertheoperatingactivities.

B.cashoutflowunderthefinancingactivities.

C.cashinflowundertheinvestmentactivities.

D.cashinflowunderthefinancingactivities.

12.2-21Thedeclarationofdividendsbytheboardofdirectorswouldbereportedonastatementofcashflowsas:

A.acashinflowunderthefinancingactivities.

B.nothing—thisactivitywouldnotbereportedonastatementofcashflows.

C.acashoutflowunderthefinancingactivities.

D.acashoutflowundertheinvestingactivities.

12.2-22Whichofthefollowingwouldbereportedonastatementofcashflowsasaninvestingactivity?

A.Purchaseoftreasurystock

B.Saleofequipmentforcash

C.Depreciationexpense

12.2-23Whichofthefollowingwouldbereportedonastatementofcashflowsasafinancingactivity?

A.Distributionofstockdividend

B.Purchaseoftreasurystock

C.Interestpaidonbondspayable

12-2Diff:

12.2-24Whenpreparingastatementofcashflows,thesumofoperatingandinvestingandfinancingactivitiesequalsthe:

A.changeincashfortheperiod.

B.cashinflowfortheperiod.

C.endingcashbalance.

D.netincomeasreportedontheincomestatement.

12.3-1Undertheindirectmethod,depletionexpensemustbeaddedbacktonetincomeundertheoperatingactivities.

12-3Diff:

E12-18

12.3-2Undertheindirectmethod,againonthesaleoflong-termassetsisdeductedfromnetincomeundertheoperatingactivities.

12.3-3Theindirectmethodofcomputingcashflowsfromoperatingactivitiesbeginswithnetincomeandreconcilesfromnetincometooperatingcashflows.

12.3-4Undertheindirectmethod,anincreaseinacurrentassetotherthan