CFA財務報表分析練習題
"Financial Report"
Treasury stock method

Questions 1:

A retailer provides credit cards only to its most valued customers who pass a rigorous credit check.A credit card customer ordered an item from the retailer in May.The item was shipped and delivered in July.The item appeared on the customer’s July credit card statement and was paid in full by the due date in August.The most appropriate month in which the retailer should recognize the revenue is:
A、May.
B、July.
C、August.
cfa
【Answer to question 1】B
【analysis】
B is correct.The appropriate time to recognize revenue would be in the month of July because the risks and rewards have been transferred to the buyer(shipped and delivered),the revenue can be reliably measured,and it is probable that the economic benefits will flow to the seller(the rigorous credit check was completed).Neither the actual payment date nor the credit card statement date is relevant here.
A is incorrect.The order date is not relevant here because all of the critical elements in the revenue recognition process are not satisfied until July.
C is incorrect.The payment date is not relevant here because all of the critical elements in the revenue recognition process are not satisfied until July.

Questions 2:

The following relates to a company’s common equity over the course of the year:
Financial Report:Treasury stock method
CFA
If the company’s net income for the year is$5,000,000,its diluted EPS is closest to:
A、$2.17.
B、$2.22.
C、$2.20.
【Answer to question 2】B
【analysis】
B is correct.First,determine the incremental shares issued from stock option exercise(treasury stock method):
Financial Report:Treasury stock method
Financial Report:Treasury stock method
CFA
A is incorrect.It includes the options at full value not using the Treasury stock method and forgets to prorate the others issued and repurchased$5,000,000/(2,000,000+100,000+300,000–100,000)=2.17
C is incorrect.It does not prorate the new shares issued or repurchased for the length of time outstanding:(2,000+75+300–100)=2,275;5,000/2,275=2.20.Or it ignores the buyback:(2,000+100+225–50)=2,275;5,000/2,275=2.198=2.20.
以上就是【CFA財務報表分析練習題"Financial Report":Treasury stock method】的全部內容，如果你想學習更多CFA相關知識，歡迎大家前往高頓教育官網CFA頻道！在這里，你可以學習更多精品課程，練習更多重點試題，了解更多最新考試動態(tài)。