QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

47. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013 47. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

47. In 2011, a software company recorded unearned revenue related to a software license that it

will recognize as revenue during 2012. Ignoring income taxes, this recognition of the software

revenue will most likely have which of the following effects on cash from operations in 2012?

A. No effect

B. A decrease

C. An increase