为什么这道题，老师的讲解中说“在分析师的眼中，CFO和CFF都是0，都是没有的”？这和课程老师说的不太一样。 我的理解是，都从会计记账考虑，平价债券的CFO就是Int exp，是负数。而零息债券的CFO为0，比平价债券的CFO大，所以选B。至于C不对，是因为零息债券的面值小，所以它期初的CFF比平价债券的期初CFF小。 请老师看看我的分析对不对，以及为什么不对？

音频声音太小，已经将声音调到最大，还是不行。

A company incurs a capital expenditure that may be amortized over five years for accounting purposes, but over four years for tax purposes. The company will most likely record: A a deferred tax asset. B a deferred tax liability. C no deferred tax asset or liability. 这个题不明白 税法上是4年，则每年交的税会上升，收入会减少，则税收又会减少，，和前面的税收上升是矛盾的呀

When accounting standards require an asset to be expensed immediately but tax rules require the item to be capitalized and amortized, the company will most líkely record: A a deferred tax asset. B a deferred tax liability. C no deferred tax asset or liability. 不明白这个题

The author of a new textbook received a $100,000 advance from the publisher this year. $40,000 of income taxes were paid on the advance when received. The textbook will not be finished until next year. Determine the tax basis of the advance at the end of this year. A $0. B $40,000. C $100,000. 不明白这个题

请问这道题答案C为什么不对？

不太明白C为什么不对，重估模型的增值计入OCI，不计入PROFIT

这里increase 8.5%，是什么意思？ 加入本来是X USD/HKD，变成1.085X USD/HKD，这是美元贬值，还是说美元升值了8.5%？

老师请问下，如果可转债转成面值不同的common stock的时候，这个差值计入cash flow的outflow或inflow里面吗？

请问为什么会有两个置信区间呢？这样不就存在两种不同情况的拒绝域了吗？