QUESTION: 45

In evaluating alternative capital investments, a company should consider qualitative factors such as:

projected cash flows.
estimated economic returns.
corporate strategy.
estimated costs.

Answer(s): C

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QUESTION: 46

Which of the following is NOT a key area to consider when establishing treasury policies?

Equity method investments accounting
Medium-term financing
Management reporting
Foreign currency management

Answer(s): A

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QUESTION: 47

The accounting requirement that a product’s selling costs be recorded in the same period as the product’s revenue is recorded, regardless of when the cash is paid, is an example of the:

full disclosure principle.
historical cost principle.
matching principle.
revenue recognition principle.

Answer(s): C

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QUESTION: 48

Use the financial statement for XYZ Company in the exhibit to answer this question.

What is the cash flow from operating activities for the current year?

$(700,000)
$700,000
$900,000
$1,700,000

Answer(s): B

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QUESTION: 45

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