单项选择题 The following information is derived from the financial records of Brown Company for the year ended December 31, 2001:Sales $3,400,000Cost of Goods Sold (2,100,000)Depreciation (300,000)Interest Paid (200,000)Gain on Sale of Old Equipment 400,000Income Taxes Paid (300,000)Net Income $900,000Brown issued bonds on June 30, 2001 and received proceeds of $4,000,000. Old equipment with a book value of $2,000,000 was sold on August 15, 2001 for $2,400,000 cash. Brown purchased land for a new factory on September 30, 2001 for $3,000,000, issuing a $2,000,000 note and paying the balance in cash. Using the definition of free cash flow as cash flow from operations less capital expenditures, Brown 抯 free cash flow available to equity shareholders for 2001 is:A) $2,200,000A.$2,200,000.B.$200,000.C.$2,600,000.D.$6,200,000.

单项选择题 Under the U.S. FASB conceptual framework, audited financial statements must do all of the following EXCEPT:

单项选择题 Selected information from Able Company 抯 financial activities in the year 2001 is as follows:Net Income was $720,000. 1,000,000 shares of common stock were outstanding on January 1.1,000 shares of eight percent, $1,000 par value preferred shares were outstanding on January 1 and dividends were paid in 2001. The tax rate was 40 percent.Dividends were paid in 2001.The average market price per share was $20 in 2001.6,000 shares of three percent $500 par value preferred shares, convertible into common shares at a rate of 30 common shares for each preferred share, were outstanding for the entire year.Able 抯 diluted earnings per share (Diluted EPS) for 2001 was closest to:A.$0.55.B.$0.65.C.$0.66.D.$0.54.