CFA知识点掌握是日常中所要做的事情，检验CFA知识掌握程度也是要考CFA考试题的，那复习了这么久的CFA一级知识，那你这道CFA考试题做对了没？
Earlier this year,Barracuda Company issued 5,000 employee stock options.Recently,2,000 options were exercised at a price of$10 per share.To avoid dilution,Barracuda purchased 2,000 shares at an average price of$12 per share.Barracuda reported both transactions as financing activities in its cash flow statement.For analytical purposes,what adjustment is necessary to better reflect the substance of the stock repurchase?
Operating cash flow Financing cash flow
A.Decrease$4,000 No adjustment
B.No adjustment Increase$4,000
C.Decrease$4,000 Increase$4,000
这就是CFA考试题中的一道题，你是不是看懂了这道题的题干？是不是很快做对了呢?不管有没有做对，我们看看正确答案以及解析，看看你是不是这样想的呢？
solution：B
Barracuda reported a$4,000 net outflow from financing activities[2,000 options*($12 average market price-$10 exercise price)].However,since the options are a form of compensation,the$4,000 outflow should be reclassified as an operating activity for analytical purposes.This is accomplished by increasing financing cash flow$4,000 and decreasing operating cash flow$4,000.
备考CFA考试是需要做大量的考试题的，但前提条件是需要考生找对题，在备考中是需要做课后习题和MOCK题的哦！有需要这类考试题可以在线咨询！
