"Financial Report":Direct cash flow statement

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來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/30 17:04:38　字體：大小

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Questions 1:

Which of the following is the most likely reason for an analyst to choose the direct method rather than the indirect method for analyzing a firm’s operating cash flows?

A、 To understand the relationship between net income and operating cash flows

B、 To identify operating cash flows by source and by use

C 、To avoid making adjustments for non-cash items

Questions 2:

A company incurred the following unrealized holding gains in the current year:

● $100,000 on securities held for trading

● $500,000 on the foreign currency translation adjustment of a self-sustaining non-domestic subsidiary

Other comprehensive income for the year is closest to:

A $600,000.

B $100,000.

C $500,000.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. The direct method cash flow statement presents specific operating cash flows by source and use.

A is incorrect because the indirect method starts with net income and presents clearly the relationship between net income and operating cash flows.

C is incorrect because the indirect method cash flow statement adjusts for non-cash items, not the direct method

【Answer to question 2】C

【analysis】

C is correct. Unrealized holding gains foreign currency translation adjustments are included in other comprehensive income.

A is incorrect. This calculation incorrectly includes the gain on securities held for trading. These gains are recognized in net income, not other comprehensive income: $100,000 + $500,000 = $600,000.

B is incorrect. This calculation incorrectly excludes the foreign currency translation adjustment and fails to include the gains on securities held for trading. These gains are recognized in net income, not other comprehensive income.

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