NO.PZ2024011002000037
问题如下：
Assume U.S. GAAP applies unless otherwise noted. An analyst gathered the following information from a company’s 2005 financial statements ($ millions):
The company
declared and paid cash dividends of $10 million in 2005 and recorded
depreciation expense in the amount of $25 million for 2005. The company’s 2005
cash flow from operations ($ millions) was closest
to
选项：
A.25 B.35 C.45解释：
Net income (NI) for 2005 can be computed as the change in retained earnings, $25, plus the dividends paid in 2005, $10. NI can also be calculated from the formula: beginning retained earnings + NI — dividends paid = ending retained earnings. Depreciation of $25 would be added back to net income while the increases in accounts receivable, $5, and in inventory, $3, would be subtracted from net income because they are uses of cash. The decrease in accounts payable is also a use of cash and, therefore, a subtraction from net income. Thus, cash flow from operations for 2005 is $25 + $10 + $25 — $5 — $3 — $7 = $45 ($ millions).想请问下，美国准则下，dividend应该不属于CFO，为什么要加回来呢？
