A.straight-line.
B.declining balance.
C.units-of-production.
第1题
ration.Cleanway operates an active research and development program into environmentally friendly cleaning products.Bao is very interested in this research program as well as the good management team in place at Cleanway.The excess price paid over the net book value of the assets should be accounted for on Bao’s financial statements as:
A.goodwill.
B.a trademark.
D.an intangible asset, research and development.
第2题
oted.
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.
第3题
es have incurred expenses of approximately $250 million in the current year to expand their production facilities.Company A is highly leveraged.Company B does not have any outstanding debt and paid the $250 million from internal cash reserves.The most likely effect of the difference in the capital structures of the two companies will be:
A.Company A will report higher asset balances related to the facilities under construction.
B.The companies will report the same asset balances related to the facilities under construction.
C.Company A’s interest coverage ratio will be lower than it would have been if the company had expensed all interest.
第4题
s expensed rather than capitalized are:
A.Pre-tax cash flow is lower and the debt-to-equity ratio is higher.
B.Pre-tax cash flow remains the same and the debt-to-equity ratio is lower.
C.Pre-tax cash flow remains the same and the debt-to-equity ratio is higher.
第5题
losures of three competing companies:
Based on this information, which company is depreciating its building over the longest average period?
A.Company X.
B.Company Y.
C.Company Z.
第6题
using accelerated depreciation methods rather than straight-line depreciation?
A.Investing cash flow
B.Shareholder’s equity
C.Cash flow from operations
第7题
hich of the following will most likely result from the recording an ARO in any given year?
A.An increase in return on equity and an increase in depreciation expense
B.An decrease in return on equity and an increase in depreciation expense
C.An decrease in return on equity and an decrease in depreciation expense
第8题
ng in the same industry:
Although the companies have different levels of sales and assets, they are all experiencing sales growth at about the same rate and use the same type of equipment in the manufacturing process.All three companies also use the same depreciation method.Which company is least likely to require major capital expenditures in the near future? Company:
A.1.
B.2.
C.3.
第9题
pted accounting principles).It expected to be the sole supplier for a state-wide school milk program and had production facilities valued at $28.4 million.Recently several other companies were also granted milk-supply contracts throughout the state and the company now estimates that it will only be able to generate cash flows of $3 million per year for the next 7 years with its facilities.The firm has a cost of capital of 10%.
The impairment loss (in $-millions) on the production facilities will most likely be reported in the company’s financial statements as a:
A.13.8 reduction in operating cash flows..
B.13.8 impairment loss in the income statement
C.7.4 reduction in the balance sheet carrying amount.
第10题
accepted accounting principles) are identical except as to how soon they judge a project to be technologically feasible.One firm does so very early in the development cycle while the other usually waits until just before the project is released to manufacturing.Compared to the company that judges technological feasibility early, the one that waits until closer to manufacturing will most likely report lower:
A.financial leverage.
B.total asset turnover.
C.cash flow from operations.
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