NO.PZ2016012102000059
问题如下:
Using the following information, what is the firm's cash flow from operations:
选项:
A.$170,000.
B.$249,000.
C.$255,000.
解释:
CFO=Net income - profits from sale of equipment + depreciation - △AR - △inventories + △AP + △ wages payable + △ deferred tax liabilities = 200,000 - 6,000 + 36,000 - (-10,000) - 12,000 + 17,000 + (- 8,000) + 12,000 = $249,000.
The profit on the sale of equipment should be subtracted from net income because this transaction is classified as investing, not operating.
考点:opearting cash flow的计算
计算CFO有直接法和间接法两种方法。根据题目数据,可以判断应该用间接法计算。
从NI出发,需要调整:
①损益表中的Non-cash items和non-operating items
②资产负债表中net changes in working capital(AR、inventory、AP)
题目表格中的数据有损益表数据,有资产负债表的数据,也有现金流量表中的数据等,我们要从中挑选我们所需要的的调整项目。
CFO=Net income - profits from sale of equipment + depreciation - △AR - △inventories + △AP + △ wages payable + △ deferred tax liabilities = 200,000 - 6,000 + 36,000 - (-10,000) - 12,000 + 17,000 + (- 8,000) + 12,000 = $249,000.
由于销售资产相关的交易属于投资活动,不是经营活动,所以在计算operating CF时,销售设备产生的利润应从净利润中剔除。
老师这道题我完全不理解,我算了很多遍选项里都没有跟我的答案匹配的。
CFO=Net income - profits from sale of equipment + depreciation - △AR - △inventories + △AP + △ wages payable + △ deferred tax liabilities = 200,000 - 6,000 + 36,000 - (-10,000) - 12,000 + 17,000 + (- 8,000) + 12,000 = $249,000.
首先为什么要减去profits from sale of equipment ?按理来说处理这些设备不是不应该算在CFO里吗?
然后depreciation,我之前也做了类似的题当时depreciation就是单独列示出来的,当时那道题就说了如果depreciation单独列示出来的话就不用再加了,这儿也是单独列示出来的,为什么还要加上?
然后deferred tax liabilities 也是算在CFO里的吗?
这里用到的是间接法算CFO,为什么这些东西列示出来细到像是直接法里面一项一项的?