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2025-01-16 11:50本頁(yè)面
【正文】 B. C. 7 D. 二、 Analytic Questions (保留兩位小數(shù) ) 【 Percentageofpletion VS Completed Contract】 Company A entered into a construction project with a total contract price of $12 million and expected costs to plete of $ million. Details of actual incurred costs and cash flow information over the duration of the contract are as follows(in thousands): Year2022 Year2022 Year2022 Costs incurred Current year 1600 5600 2400 Cumulative 1600 7200 9600 Estimated remaining costs to plete ( as of December 31) 8000 2400 0 Amounts billed and cash received: Current year 2600 5000 4400 Cumulative 2600 7600 12022 Question: Please fill in the right numbers in the following form s(in thousands). Percentageofpletion Completed Contract 2022 2022 2022 2022 2022 2022 Ine Statement Profit recognized Balance Sheet cash Constructionin progress () Advances billings () Retained earnings 【 Preparation of Cash Flow Statement】 Ine Statement for Year Ended December 31, 2022 Sales 2022 Cost of Goods Sold (1300) Depreciation Expense (200) Sellingamp。s life. 20. Compared to firms that expense costs, firms that capitalize expenses will have: A. lower ine variability. B. lower cash flow from operations. C. higher leverage ratios. D. lower current ine. 21. The capitalization of interest costs during construction: A. decreases ine during the construction phase B. increases future ine C. decrease future depreciation expense D. increases future depreciation expense 22. Software development costs incurred before and after a product is proven economically feasible are: A. expensed both before and after B. expensed before and capitalized after C. capitalized both before and after D. capitalized before and expensed after 5 23. Train, Inc.’s cash flow from operations (CFO) in 2022 was $28 million. Train paid $16 million cash to acquire a franchise at the beginning of 2022 that was expensed in 2022. If Train had selected to amortize the cost of the franchise over eight years, 2022 cash flow from operations (CFO) would have been: A. $44 million. B. $42 million. C. $14 million. D. unchanged. 24. The same conditions as in Question. Assuming that pretax ine of Train, Inc. in 2022 is 20 million. If Train had selected to amortize the cost of the franchise over eight years, 2022 pretax ine would have been: A. $24million. B. $36million. C. $34 million. D. unchanged. 25. Selected financial data from Diso, Inc.’s ine statement for 2022 was as follows (in $): Interest expense $ 802 Capitalized interest 282 Pretax ine 3578 Amortization of capitalized interest 94 Net ine 1860 Diso, Inc. capitalizes interest expense incurred in its selfconstructed assets. The tax rate is 35 percent. If Diso, Inc. had chosen to expense interest costs incurred in its selfconstructed assets, the ine would have been: A. 1738 B. 2048 C. 1860 D. 1794 26. The same conditions as in Question 25. What is interest coverage ratio If Diso, Inc. had chosen to expense interest costs incurred in its s
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