NO.PZ2016012102000116
问题如下:
More Company expenses its development costs while Less Company capitalizes its development costs. Give all else is the same, Which of the following is most likely correct.
选项:
A.
More Company reports lower asset turnover than Less Company.
B.
More Company shows smoother earnings than Less Company.
C.
More Company reports lower assets than Less Company.
解释:
C is correct.
If company capitalizing its expenditures, asset and liability will increase,but company expenses its cost, asset will not increase, so asset turnover will be higher.
考点:财务报表分析
如果less公司将其开发支出资本化,将导致less公司资产增加,又因为asset turnover = sales / average asset,在销售收入不变的情况下,less公司资产增加,less公司asset turnover降低;
A选项:less的公司的asset turnover降低,A选项错误。
B选项:如果公司费用化研发支出,由于研发费用的波动性,将导致净利润忽高忽低。所以B选项错误。
C选项:正确。
开支资产化,不是应该减掉吗?为什么是资产增加?