Assume U.S.GAAP （generally accepted accounting pri...

A company which prepares its financial statements in accordance with IFRS incurred and capitalized €2 million of development costs during the year. These costs were fully deductible immediately for tax purposes, but the company is depreciating them over two years for financial reporting purposes. The company has a long history of profitability which is expected to continue. Which is the most appropriate way for an analyst to incorporate the differential tax treatment in his analysis？ He should include it in:

A. liabilities when calculating the company’s current ratio.

B. equity when calculating the company’s return on equity ratio.

C. liabilities when calculating the company’s debt-to-equity ratio.

Which of the following statements about the treatment of leases on the lessor’s financial statements is least accurate？

A.If the present value of the payments on a finance lease is greater than the carrying value of the asset, the lease is a sales-type lease on the books of the lessor.

B.In a direct financing lease, the lessor recognizes gross profit at the lease inception, while in a sales-type lease it does not.

C.To be a finance lease for the lessor, collectability must be reasonably certain and the lessor must have substantially completed performance.

A company uses the LIFO inventory method, but most of the other companies in the same industry use FIFO. Which of the following best describes one of the adjustments that would be made to the company’s financial statements to compare it with other companies in the industry？ The amount reported for the company’s ending inventory should be:

A. increased by the ending balance in its LIFO reserve.

B. decreased by the ending balance in its LIFO reserve.

C. increased by the change in its LIFO reserve for that period.

A government committee has concluded that investment company fees should be disclosed to clients each quarter and has proposed new legislation to require this. Currently, the legal requirement is to report such data annually. In compliance with current legal requirements, Dolphin Investments discloses its fees annually. Eugene Shin, CFA, Dolphin's compliance officer, learns of the proposed changes but does not convert Dolphin's reporting to a

quarterly basis. Shin's decision not to act:

A) is not a violation of the Code and Standards.

B) constitutes professional misconduct as defined in the Code and Standards.

C) is a violation of his duty to employer as defined in the Code and Standards.

D) is a violation of his responsibilities as a supervisor as defined in the Code and Standards.

noted.

A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life. Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life. The company’s incremental borrowing rate is 8 percent. Which of the following statements concerning impairment and future return on assets (ROA) is most accurate? The asset is:

A. impaired and future ROA increases.

B. impaired and future ROA decreases.

C. not impaired and future ROA increases.

A.Status quo and endowment biases.

B.Confirmation, control, and availability biases.

C.Anchoring and adjustment bias.

A、保持足够的准备资产

B、开拓和保持较多的可以随时取得的主动型负债

C、对传统的各类存款进行多形式的开发和创新

D、开辟新的有利于流动性的存款服务

A、MM认为投资者偏好股利收益而不是资本收益

B、“在手之鸟”理论建议公司可以通过减少股利支付率来减少其股本成本

C、税差理论建议公司可以通过提高股利支付率来提高股票价格

D、剩余股利政策的主要优点就是能确保公司的股利政策稳定

E、客户效应建议公司应该采用稳定的股利政策

A、债权人从收购中获利，因为他们的债务被两个公司“担保”

B、企业合并将价值从股东向债权人转移

C、企业合并将价值从债权人向股东转移

D、企业合井对股东和债权人都更有利

A、“毒丸策略”

B、“焦土策略”

C、“白衣骑士”

D、“金降落伞”策略