NO.PZ201602060100001107
问题如下：
An adjustment to Kensington’s statement of cash flows to reclassify the company’s excess contribution for 2010 would most likely entail reclassifying £210 million (excluding income tax effects) as an outflow related to:
选项：
A.
investing activities rather than operating activities.
B.
financing activities rather than operating activities.
C.
operating activities rather than financing activities.
解释：
B is correct.
Kensington’s periodic pension cost was £483. The company’s contributions to the plan were £693. The £210 difference between these two numbers can be viewed as a reduction of the overall pension obligation. To adjust the statement of cash flows to reflect this view, an analyst would reclassify the £210 million (excluding income tax effects) as an outflow related to financing activities rather than operating activities.
考点：站在分析师角度，对CF/S的调整
解析：题目问怎么调整K公司的现金流量表，应该将公司excess contribution210重分类为哪类现金流的流出。
TPPC=£483，contributions=£693，两者之间的差异是£210。
正常情况所有当年的contribution会计都处理为CFO流出，但在分析师的观点中，PPC
这里TPPC 和Contribution 的比较，over contribution的话就是在还钱，CFF 调减，CFO 调增； under contribution 的话，就是要在借钱，CFF调增，CFO调减，不论是哪一种，这些都属于finacial activity的现金流，和CFO & CFI无关，所以题目中给的3个答案只能选CFF，这样理解对么
