Gotham,whichpurchased35%ofKlestenResearchCenterin2005,restatesthelastthreeyearsoffinancialstatementstoaccountforthepurchase.Gothamhasnotelectedthefairvalueoption.InthefiscalyearendedDecember2008,whatisthemostlikelyeffecttheKlesteninvestmentwouldhaveonGotham'sfinancialstatements?
A: Decreaseincomeandassets.
B: Increaseincomeandassets.
C: Decreaseincomeandincreaseassets.
A: Decreaseincomeandassets.
B: Increaseincomeandassets.
C: Decreaseincomeandincreaseassets.
举一反三
- Asoutputquantitiesexpandinanindustrywithadownward-slopinglong-runindustrysupplycurve,whatisthe<em>mostlikely</em>long-runeffectontheequilibriumsellingpriceperunitoftheindustry'soutput? A: Increase,becauseofupwardpressureoninputprices. B: Decrease,becauseoflowerinputcostsperunitofoutput. C: Noeffect,becausesellingpriceisonlyaffectedintheshortrun.
- Aspartofitsworkingcapitalmanagementprogram,RotanCorporationhasanaccountspayablefinancingarrangementwiththeFirstNationalBank.ThebankpaysRotan'svendorswithin30daysoftheinvoicedate.Rotanreimbursesthebank90daysaftertheinvoiceisdue.Ignoringinterest,whatisthe<strong><em>mostlikely</em></strong>effectonRotan'soperatingcashflowandfinancingcashflowwhenthebankisrepaid? A: Bothwilldecrease. B: Neitherwilldecrease. C: Onlyonewilldecrease.
- Arealestateinvestorisconcernedaboutrisinginterestratesanddecidestopaycashforapropertyinsteadoffinancingthetransactionwithdebt.Whatisthe<em>mostlikely</em>effectofthisstrategy? A: Inflationriskiseliminated. B: Riskofchanginginterestratesiseliminated. C: Riskisreducedbecauseoflowerleverage.
- Whichof,hefollowingwill<em>mostlikely</em>resultinhigherearningsquality? A: Usingaggressivepensionassumptions. B: Structuringaleasetransactiontoavoidcapitalizationonthebalancesheet. C: Recognizingrevenueoncetheearningsprocessiscomplete.
- Aputoptionwithanexercisepriceof$45istradingfor$3.50.Thecurrentstockpriceis$45.Whatisthe<em>mostlikely</em>effectontheoption'sdeltaandgammaifthestockpriceincreasesto$50? A: Bothdeltaandgammawillincrease. B: Bothdeltaandgammawilldecrease. C: Onewillincreaseandtheotherwilldecrease.