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Chinazdk · 2024年02月20日

B

NO.PZ2024011002000075

问题如下:

Assume U.S. GAAP applies unless otherwise noted. Two companies are identical except for their accounting treatment of R&D costs. One company expenses all such costs immediately, while the other capitalizes a portion of the costs. Compared with the company that capitalizes costs, the company that expenses immediately will most likely:

选项:

A.Earn a lower return on assets.

B.Have lower financial leverage.

C.Report lower cash flow from operations in the statement of cash flows.

解释:

Companies that capitalize R&D costs report those expenditures in CFI; companies that expense R&D costs report those expenditures in CFO.

B选项是不是也对啊??

1 个答案

lynn_品职助教 · 2024年02月20日

嗨,爱思考的PZer你好:


B错误,相比资本化,第一年费用化比资本化的利润更低,total asset也更低,利润会通过NI进入未分配利润从而影响equity,financial leverage=Total Average Assets/Total Average Equity,分子分母同时减少相同数字,原分数大于1,变大。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!