财务报表分析(英文版)答案

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1、Chapter3AnalyzingFinancingActivitiesREVIEWBusinessactivitiesarefinancedthrougheitherliabilitiesorequity.Liabilitiesareobligationsrequiringpaymentofmoney,renderingoffutureservices,ordispensingofspecificassets.Theyareclaimsagainstacompanyfspresentandfutureassetsandresources.Suc

2、hclaimsareusuallyseniortoholdersofequitysecurities.Liabilitiesincludecurrentobligations,long-termdebt,capitalleases,anddeferredcredits.Thischapteralsoconsiderssecuritiesstraddlingthelineseparatingliabilitiesfromequity.Equityreferstoclaimsofownerstothenetassetsofacompany.While

3、claimsofownersarejuniortocreditors,theyareresidualclaimstoallassetsonceclaimsofcreditorsaresatisfied.Equityinvestorsareexposedtothemaximumriskassociatedwithabusiness,butareentitledtoallresidualrewardsassociatedwithit.Ouranalysismustrecognizetheclaimsofbothcreditorsandequityin

4、vestors,andtheirrelationship,whenanalyzingfinancingactivities.Thischapterdescribesbusinessfinancingandhowthisisreportedtoexternalusers.Wedescribetwomajorsourcesoffinancing—creditandequity—andtheaccountingunderlyingreportsoftheseactivities.Wealsoconsideroff-balance-sheetfinanc

5、ing,includingSpecialPurposeEntities(SPEs),therelevanceofbookvalues,andliabilities"attheedge”ofequity.Techniquesofanalysisexploitingouraccountingknowledgearedescribed.OUTLINEJ•LiabilitiesCurrentLiabilitiesNoncurrentLiabilitiesAnalyzingLiabilities•LeasesLeaseAccountingandReport

6、ing一LesseeAnalyzingLeases•PostretirementbenefitsPensionAccountingOtherPostretirementBenefits(OPEBs)AnalyzingPostretirementBenefits•ContingenciesandCommitmentsContingenciesCommitments•Off-Balance-SheetFinancingThrough-putandTake-or-payagreementsProductfinancingarrangementsSpec

7、ialPurposeEntities(SPEs)•Shareholders5EquityCapitalStockRetainedEarningsComputationofBookValuePerShare■Liabilitiesatthe“Edge”ofEquityRedeemablePreferredStockMinorityInterest■Appendix3A:LeaseAccounting一Lessor:■Appendix3B:AccountingSpecificsforPostretirementBenefits■ANALYSISOBJ

8、ECTIVESIdentifyandassesstheprincipalcharacteristicsofliabilitiesande