问题
单项选择题
An analyst does researchabout ways to manipulate the cash flow statement. When shock is repurchased to offset dilution of earnings caused by the exercise of employee stock options, which of the following is the most appropriate adjustment to calculate the true free cash flow generated by the firm（）
A. Decreasing cash flow from financing activities.
B. Increasing cash flow from operating activities.
C. Decreasing cash flow from operating activities.
答案
参考答案：C
解析：
公司回购股票以补偿因发行股票期权而稀释了的公司股权。在报表中表面上是财务性现金流的流出，但这些股票期权实质上是一种报酬，应该属于经营性现金流的流出。