"Financial Report":scale and diversification

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來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/02 10:55:16　字體：大小

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Questions 1:

A credit rating agency uses “scale and diversification” as one of its metrics to assess credit risk. Which of the following would most likely be included in that category?

A 、Purchasing power with suppliers

B 、Cost structure

C 、Operating cash flow less dividends

Questions 2:

A company purchased equipment in 2013 for ￡25,000. The year-end values of the equipment for accounting purposes and tax purposes are as follows:

Financial Report:scale and diversification

Which of the following statements best describes the effect of the change in the tax rate on the company’s 2014 financial statements? The deferred tax liability:

A 、decreases by ￡800.

B、 increases by ￡250.

C、 decreases by ￡200.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. Borrowers can better withstand adverse events when they have more purchasing power with suppliers. Purchasing power reflects the organization’s scale.

B is incorrect. This measure would be of interest to credit analysts, but as an indication of operational efficiency rather than scale and diversification.

C is incorrect. This measure would be of interest to credit analysts, but as an indication of tolerance for leverage rather than scale and diversification.

【Answer to question 2】C

【analysis】

C is correct. Deferred tax liability = Taxable temporary difference × Tax rate In 2014, if the rates had not changed, the deferred tax liability would be: 0.30 × ￡4,000 = ￡1,200 But with the lower tax rate, the deferred tax liability will be: 0.25 × ￡4,000 = ￡1,000 Effect of the change in rate thus is a decrease in the liability: –￡200 Alternative calculation = Change in rate × Taxable difference –0.05 × ￡4,000 = –￡200

A is incorrect. It is the change in rate (5%) × the taxable amount: 0.05 × 16,000 = 800.

B is incorrect. The deferred tax liability increased by 250: 4,000 × 0.25 – 2,500 × 0.30.

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