"Financial Report":Cash income from sales

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/04 17:25:15　字體：大小

學(xué)習(xí)是一個(gè)不斷積累的過程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

A firm reports sales of €50,000 for the year ended 31 December 2012. Its accounts receivable balances were €6,000 at 1 January 2012 and €7,500 at 31 December 2012. The company’s cash collections from sales for 2012 is closest to:

A 、€48,500.

B、 €51,500.

C、 €42,500.

Questions 2:

Which of the following best describes a component of the income statement?

A、 Amounts that a company owes its vendors for purchases of goods and services

B、 Outflows or depletions of assets in the course of a business's activities

C、 Obligations from past events that are expected to result in an outflow of economic benefits

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. Cash collections from sales equals beginning receivables plus sales less ending receivables: €6,000 + €50,000 – €7,500 = €48,500

B is incorrect. It is sales plus the change in receivables: €50,000 + (€7,500 – €6,000) = €51,500.

C is incorrect. It is sales less the end receivables: €50,000 – €7,500 = €42,000.

【Answer to question 2】B

【analysis】

B is correct. Expenses are a component of the income statement and are defined as outflows, asset depletions, and liabilities incurred in the course of a business’s activities.

A is incorrect. Accounts payable is a liability, a component of the balance sheet, and is defined as amounts that a company owes its vendors for purchases of goods and services.

C is incorrect. Liabilities are a component of the balance sheet and are defined as obligations from past events that on settlement are expected to result in an outflow of economic benefits.

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

點(diǎn)擊了解更多CFA考試資訊>>

上一篇："Financial Report":Return on equity

下一篇："Financial Report":Loan contract