单项选择题 Data Corp. manufactures and sells computer equipment. The following information is available concerning a transaction between Data and Venture, Inc.:On November 30, 2001 Data Corp. received a signed purchase order from Venture Inc. for 100 model D computers at a price of $150,000. Under the terms of the purchase order, Data arranges and pays for shipping, risk of ownership passes upon delivery, and the transaction is not subject to revocation. On December 29, 2001 100 model D computers were shipped from Data Corp.抯factory. On December 31, 2001 Data Corp. received cash payment for the computers in the amount of $150,000. On January 2, 2002 the computers were received at Venture, Inc.抯 headquarters.Data Corp. should recognize $150,000 of revenue as of:A.January 2, 2002.B.November 30, 2001.C.December 29, 2001.D.December 31, 2001.

单项选择题 White Corp.抯 financial statements for the year ended December 31, 2001 included the following:Income StatementSales $8,000,000Cost of Goods Sold (3,800,000)Gross Profit 4,200,000Wages (1,000,000)Depreciation (600,000)Interest (500,000)Taxes (600,000)Net Income $1,500,000Selected Balance Sheet AccountsDec. 31, 2000 Dec. 31, 2001Accounts Receivable $1,200,000 $1,500,000Inventory 800,000 1,000,000Accounts Payable 600,000 400,000Equipment 5,300,000 5,500,000White prepares its Statement of Cash Flow using the direct method.The Cash Flow from Operations (CFO) section of the statement will show Cash Collections of:A.$7,700,000.B.$7,100,000.C.$6,900,000.D.$6,700,000.

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.