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Basic Question 12 of 22
In the year ending June 30, 2012, Microsoft spent $6,069 million to repurchase 256 million shares. It received cash proceeds of $1,269 million from the exercises of options. According to GAAP, Microsoft would report ______ million as ______ cash flow from the stock repurchase transactions (ignore the tax effect).
B. $4,800; financing
C. $6,069; operating
A. $6,069; financing
B. $4,800; financing
C. $6,069; operating
User Contributed Comments 1
| User | Comment |
|---|---|
| Lavay | True earnings power analysis requires that e subtract this amount form CFO. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion
describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items
describe accounting warning signs and methods for detecting manipulation of information in financial reports
CFA® 2024 Level I Curriculum, Volume 3, Module 10.