QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

68. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

68. If a company chooses to capitalize an expenditure related to capital assets instead of expensing it,

ignoring taxes, the company will most likely report:

A. a lower cash flow per share in that period.

B. a higher earnings per share in future periods.

C. the same free cash flow to the firm in that period.