CFA一級(jí)考試題是怎樣的呢？大家都說(shuō)是選擇題，那是怎么樣的選擇題呢？今天我們一探究竟！讓你面對(duì)2020年CFA一級(jí)有個(gè)心理準(zhǔn)備！

1、Earlier this year, Barracuda Company issued 5,000 employee stock options. Recently, 2,000 options were exercised at a price of $10 per share. To avoid dilution, Barracuda purchased 2,000 shares at an average price of $12 per share. Barracuda reported both transactions as financing activities in its cash flow statement. For analytical purposes, what adjustment is necessary to better reflect the substance of the stock repurchase?Operating cash flow Financing cash flow

A. Decrease $4,000 No adjustment

B. No adjustment  Increase $4,000

C. Decrease $4,000 Increase $4,000

單項(xiàng)選擇題每小題只有一個(gè)正確答案，請(qǐng)從每小題的備選答案中選出一個(gè)你認(rèn)為正確的答案，在答題卡相應(yīng)位置上用2B鉛筆填涂相應(yīng)的答案代碼，答案寫(xiě)在試題卷上無(wú)效

這是CFA協(xié)會(huì)會(huì)提醒各位考生的，是英文書(shū)寫(xiě)的，那這道題的答案是怎樣的呢？我們一起看看！


solution：C

answer：Barracuda reported a $4,000 net outflow from financing activities [2,000 options* ($12 average market price-$10 exercise price)]. However, since the options are a form of compensation, the $4,000 outflow should be reclassified as an operating activity for analytical purposes. This is accomplished by increasing financing cash flow $4,000 and decreasing operating cash flow $4,000.