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灰飞翔的猫 · 2025年01月12日

B和C

  1. CFA I
  2. FRA

* 问题详情，请 查看题干

NO.PZ202308140300007707

问题如下：

ZP Corporation is a (hypothetical) multinational corporation headquartered in Japan that trades on numerous stock exchanges. ZP prepares its consolidated financial statements in accordance with US GAAP. Excerpts from ZP’s 2018 annual report are presented below.

Exhibit 1:

ZP Corporation Financial Statements

Exhibit 2:

Excerpt from the 2018 Annual Report, Selected Disclosures


Q. In Exhibit 2, the Industry and Business Risk excerpt states that, “Increased competition may lead to lower unit sales and excess production capacity and excess inventory. This may result in a further downward price pressure.” The downward price pressure could lead to inventory that is valued above current market prices or net realizable value. Any write-downs of inventory are least likely to have a significant effect on the inventory valued using:

选项：

A.weighted average cost.

B.first-in, first-out (FIFO).

C.last-in, first-out (LIFO).

解释：

B is correct. If prices have been decreasing, write-downs under FIFO are least likely to have a significant effect because the inventory is valued at closer to the new, lower prices. Typically, inventories valued using LIFO are less likely to incur inventory write-downs than inventories valued using weighted average cost or FIFO. Under LIFO, the oldest costs are reflected in the inventory carrying value on the balance sheet. Given increasing inventory costs, the inventory carrying values under the LIFO method are already conservatively presented at the oldest and lowest costs. Thus, it is far less likely that inventory write-downs will occur under LIFO; and if a write-down does occur, it is likely to be of a lesser magnitude.

我怎么觉得应该选C呢？

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王园圆_品职助教 · 2025年01月12日

同学你好，教研组反馈了， 这道题正确答案就是C，不是B，教研组也出过勘误，不知道为什么这道题漏掉了，谢谢同学提醒，教研组会尽快把答案都改过来


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2024-09-30 20:24 1 · 回答

NO.PZ202308140300007707问题如下Q. In Exhibit 2, the Instry anBusiness Risk excerpt states that, “Increasecompetition mleto lower unit sales anexcess proction capacity anexcess inventory. This mresult in a further wnwarpripressure.” The wnwarpripressure coulleto inventory this valueabove current market prices or net realizable value. Any write-wns of inventory are least likely to have a significant effeon the inventory valueusing:A.weighteaverage cost.B.first-in, first-out (FIFO).C.last-in, first-out (LIFO).B is correct. If prices have been creasing, write-wns unr FIFO are least likely to have a significant effebecause the inventory is valuecloser to the new, lower prices. Typically, inventories valueusing LIFO are less likely to incur inventory write-wns thinventories valueusing weighteaverage cost or FIFO. Unr LIFO, the olst costs are reflectein the inventory carrying value on the balansheet. Given increasing inventory costs, the inventory carrying values unr the LIFO methoare alrea conservatively presentethe olst anlowest costs. Thus, it is fless likely thinventory write-wns will occur unr LIFO; anif a write-wn es occur, it is likely to of a lesser magnitu.解析里面最后一句啥意思？likely to of a lesser magnitu?

2024-09-30 16:56 2 · 回答