[讨论]征求LEVEL1几个问题的正确答案与解题思路，谢谢！

yoyoyu17

Q1： The following information is extracted from a financial statement:

Net income                                $1000

Decrease in accounts receivable    120

Increase in inventory                       40

Increase in accounts payable           20

Decrease in wages payable              10

Increase in deferred taxes          40

Depreciation                                  100

Profit from the sale of fixed assets  10

Dividends paid out                           80

Cash flow from operations is:

A.      $940.

B.      $1020.

C.      $860.

D.      none of the above.

解答给的答案是A，但是我算出来的是$1230。请教大家的答案。

Q2： Which of the following definitions used in accounting for income taxes is TURE?

A.         A valuation allowance is a reserve against deferred tax assets.

B.         A timing difference is the result of tax return treatment of a transaction that differs from its financial reporting treatment.

C.         Statement A and B.

D.         None of the above.

解答给的答案是D，但是我觉得是C。我认为A和B都正确啊。

Q3.      Which type of institutional investor must balance the need for current income and the need for long-term protection of capital?

A.         bank.

B.         pension fund.

C.         endowment fund.

D.    none of the above

答案是C，但是我选择的是B，请问这题的解题思路？

谢谢！

[此贴子已经被作者于2007-11-29 3:10:40编辑过]

roy8734547

1220 for question 1

kiboo

I can only answer the first question now:

Net income + Decrease in accounts receivable - Increase in inventory + Increase in accounts payable -Decrease in wages payable + Increase in deferred taxes  + Depreciationo - Profit from the sale of fixed assets = 1220

for your answer need to substract Profit from the sale of fixed assets for it not from operation.