Zimt AG wrote down the value of its inventory in 2007 and reversed the write

NO.PZ2016012101000147 问题如下 Zimt wrote wn the value of its inventory in 2007 anreversethe write-wn in 2008. Compareto the results the company woulhave reporteif the write-wn hnever occurre Zimt’s reporte2008:(assume the companies use a perioc inventory system) A.profit woverstate B.cash flow from operations woverstate C.year-eninventory balanwoverstate is correct.The reversof the write-wn shiftecost of sales from 2008 to 2007. The 2007 cost of sales whigher because of the write-wn, anthe 2008 cost of sales wlower because of the reversof the write-wn. a result, the reporte2008 profits were overstate Inventory balanin 2008 is the same because the write-wn anreverscancel eaother out. Cash flow from operations is not affectethe non-cash write-wn, but the higher profits in 2008 likely resultein higher taxes anthus lower cash flow from operations.解析题目问相比假设2007年不发生存货跌价（那么2008年就没有回转了），真实情况中（发生了跌价和回转）的2008年财报数字会怎么样？相比没发生什么都没发生的情形，实际的2008年的COGS更低，因此NI更高，所以profit高估了，A正确。跌价和回转是否会影响到应税所得，取决于所得税法是否承认计提存货跌价准备，一般来说税务局不承认存货跌价准备，因此存货跌价和回转不影响应税所得，不影响现金流。但各国所得税法不尽相同，如果税务局承认存货跌价，则2008年利润高的情况下交税多，CFO就少，无论怎么判断都不是overstateB错误。真实情况是发生了存货跌价，但是又转回了，存货价值先降低，然后又增加，最后的存货价值与没发生跌价 回转的情况是相同的，所两种情况下，2008年存货的价值是相等的，不存在高估或低估的情况，C错误。 我理解NI是2018年的增量，INV是存量，COGS在2017年末先下降，所以影响了NI，而COGS在2018年上升，对INV没影响，是这个意思么

NO.PZ2016012101000147问题如下Zimt wrote wn the value of its inventory in 2007 anreversethe write-wn in 2008. Compareto the results the company woulhave reporteif the write-wn hnever occurre Zimt’s reporte2008:(assume the companies use a perioc inventory system)A.profit woverstateB.cash flow from operations woverstateC.year-eninventory balanwoverstate is correct.The reversof the write-wn shiftecost of sales from 2008 to 2007. The 2007 cost of sales whigher because of the write-wn, anthe 2008 cost of sales wlower because of the reversof the write-wn. a result, the reporte2008 profits were overstate Inventory balanin 2008 is the same because the write-wn anreverscancel eaother out. Cash flow from operations is not affectethe non-cash write-wn, but the higher profits in 2008 likely resultein higher taxes anthus lower cash flow from operations.解析题目问相比假设2007年不发生存货跌价（那么2008年就没有回转了），真实情况中（发生了跌价和回转）的2008年财报数字会怎么样？相比没发生什么都没发生的情形，实际的2008年的COGS更低，因此NI更高，所以profit高估了，A正确。跌价和回转是否会影响到应税所得，取决于所得税法是否承认计提存货跌价准备，一般来说税务局不承认存货跌价准备，因此存货跌价和回转不影响应税所得，不影响现金流。但各国所得税法不尽相同，如果税务局承认存货跌价，则2008年利润高的情况下交税多，CFO就少，无论怎么判断都不是overstateB错误。真实情况是发生了存货跌价，但是又转回了，存货价值先降低，然后又增加，最后的存货价值与没发生跌价 回转的情况是相同的，所两种情况下，2008年存货的价值是相等的，不存在高估或低估的情况，C错误。 交税多不应该现金流流出的就多吗？为什么cfo会少，突然不理解了

NO.PZ2016012101000147 问题如下 Zimt wrote wn the value of its inventory in 2007 anreversethe write-wn in 2008. Compareto the results the company woulhave reporteif the write-wn hnever occurre Zimt’s reporte2008:(assume the companies use a perioc inventory system) A.profit woverstate B.cash flow from operations woverstate C.year-eninventory balanwoverstate is correct.The reversof the write-wn shiftecost of sales from 2008 to 2007. The 2007 cost of sales whigher because of the write-wn, anthe 2008 cost of sales wlower because of the reversof the write-wn. a result, the reporte2008 profits were overstate Inventory balanin 2008 is the same because the write-wn anreverscancel eaother out. Cash flow from operations is not affectethe non-cash write-wn, but the higher profits in 2008 likely resultein higher taxes anthus lower cash flow from operations.解析题目问相比假设2007年不发生存货跌价（那么2008年就没有回转了），真实情况中（发生了跌价和回转）的2008年财报数字会怎么样？相比没发生什么都没发生的情形，实际的2008年的COGS更低，因此NI更高，所以profit高估了，A正确。跌价和回转是否会影响到应税所得，取决于所得税法是否承认计提存货跌价准备，一般来说税务局不承认存货跌价准备，因此存货跌价和回转不影响应税所得，不影响现金流。但各国所得税法不尽相同，如果税务局承认存货跌价，则2008年利润高的情况下交税多，CFO就少，无论怎么判断都不是overstateB错误。真实情况是发生了存货跌价，但是又转回了，存货价值先降低，然后又增加，最后的存货价值与没发生跌价 回转的情况是相同的，所两种情况下，2008年存货的价值是相等的，不存在高估或低估的情况，C错误。 先减值在回转与什么都没发生相比，COGS应该没有改变，为什么说COGS会减少，profit会增加？

NO.PZ2016012101000147问题如下Zimt wrote wn the value of its inventory in 2007 anreversethe write-wn in 2008. Compareto the results the company woulhave reporteif the write-wn hnever occurre Zimt’s reporte2008:(assume the companies use a perioc inventory system)A.profit woverstateB.cash flow from operations woverstateC.year-eninventory balanwoverstate is correct.The reversof the write-wn shiftecost of sales from 2008 to 2007. The 2007 cost of sales whigher because of the write-wn, anthe 2008 cost of sales wlower because of the reversof the write-wn. a result, the reporte2008 profits were overstate Inventory balanin 2008 is the same because the write-wn anreverscancel eaother out. Cash flow from operations is not affectethe non-cash write-wn, but the higher profits in 2008 likely resultein higher taxes anthus lower cash flow from operations.解析题目问相比假设2007年不发生存货跌价（那么2008年就没有回转了），真实情况中（发生了跌价和回转）的2008年财报数字会怎么样？相比没发生什么都没发生的情形，实际的2008年的COGS更低，因此NI更高，所以profit高估了，A正确。跌价和回转是否会影响到应税所得，取决于所得税法是否承认计提存货跌价准备，一般来说税务局不承认存货跌价准备，因此存货跌价和回转不影响应税所得，不影响现金流。但各国所得税法不尽相同，如果税务局承认存货跌价，则2008年利润高的情况下交税多，CFO就少，无论怎么判断都不是overstateB错误。真实情况是发生了存货跌价，但是又转回了，存货价值先降低，然后又增加，最后的存货价值与没发生跌价 回转的情况是相同的，所两种情况下，2008年存货的价值是相等的，不存在高估或低估的情况，C错误。 姨爹谁在先在后很关键啊？老是分不清楚。