Financial Statement, Finance And Accounting

Question: Which of the following transactions does NOT result in an inflow of cash?
A
Sale of surplus equipment

B
Issuance of common stock

C
Distribution of dividends to shareholders

D
Issuance of long-term debt

Note: Answer not sure
1. Report
Question: Which of the following ratios would NOT be used to assess a firm's long-term liquidity risk?
A
Debt-Equity ratio

B
Long-Term Debt ratio

C
Interest Coverage ratio

D
Current Ratio

Note: Answer not sure
1. Report
Question: When an auditor feels that an opinion cannot be expressed as to the fairness of a company's financial statements as a whole, he issues a/an ________________ .
A
qualified opinion

B
agreed opinion

C
unqualified opinion

D
adverse opinion

Note: Answer not sure
1. Report
Question: Which of the following does NOT describe an expense?
A
Dividends paid to shareholders

B
Cost of merchandise sold

C
Salaries earned by employees but not yet paid

D
Depreciation of the firm's building for the particular period

Note: Answer not sure
1. Report
Question: Which of the following equations is incorrect?
A
Shareholders' Equity = Contributed Capital + Retained Earnings

B
Revenues - Expenses = Net Income

C
Assets = Liabilities + Equity

D
All of these equations are correct.

Note: Answer not sure
1. Report
Question: The ____________ is the financial statement that presents an overall view of a company's financial position as of a given date.
A
Balance Sheet

B
Income Statement

C
Cash Flow Statement

D
Retained Earnings Statement

Note: Answer not sure
1. Report
Question: Which of the following would not appear on a Balance Sheet?
A
Retained Earnings

B
Bonds Payable

C
Cost of Goods Sold

D
Accounts Receivable

Note: Answer not sure
1. Report
Question: The ____________ is an agency of the federal government and has the legal authority to set acceptable accounting standards in the United States.
A
IASC

B
SEC

C
GAAP

D
FASB

Note: Answer not sure
1. Report
Question: Which of the following ratios indicates the proportion of a firm's long-term capital that is provided by creditors?
A
Return on Equity

B
Long-Term Debt Ratio

C
Return on Assets

D
Quick Ratio

Note: Answer not sure
1. Report
Question: The ________________ indicates the length of the period between the purchase of inventory on account and the payment of cash to suppliers.
A
Accounts Receivable Turnover Ratio

B
Inventory Turnover

C
Net Profit

D
Accounts Payable Turnover Ratio

Note: Answer not sure
1. Report

First Prev 1 2 3 4 Next Last

Question: Which of the following transactions does NOT result in an inflow of cash?

Question: Which of the following ratios would NOT be used to assess a firm's long-term liquidity risk?

Question: When an auditor feels that an opinion cannot be expressed as to the fairness of a company's financial statements as a whole, he issues a/an ________________ .

Question: Which of the following does NOT describe an expense?

Question: Which of the following equations is incorrect?

Question: The ____________ is the financial statement that presents an overall view of a company's financial position as of a given date.

Question: Which of the following would not appear on a Balance Sheet?

Question: The ____________ is an agency of the federal government and has the legal authority to set acceptable accounting standards in the United States.

Question: Which of the following ratios indicates the proportion of a firm's long-term capital that is provided by creditors?

Question: The ________________ indicates the length of the period between the purchase of inventory on account and the payment of cash to suppliers.