備考CFA考試需要不斷的積累CFA知識(shí)，同時(shí)需要考生不斷的練習(xí)。今天小編給你帶來(lái)了一道CFA考試題，看看你是不是能做對(duì)呢？和小編一起看看哦！

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


答案：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.

CFA考試是全英文的，這一點(diǎn)考生要明白哦！