Finance And Accounting

Question: Which of the following would not be included in a balance sheet?
A
Accounts receivable

B
Accounts payable

C
Sales

D
Cash

Note: Answer not sure
1. Report
Question: Which of these is a part of "Other Revenues"?
A
Sale of the company's products beyond the forecasted amount

B
Sale of all new products introduced that year

C
Any revenue items not generated as part of the primary operations of the company

D
Revenues generated from the sale of old inventory

Note: Answer not sure
1. Report
Question: Which of these are the two methods of preparing the cash flow statement?
A
Cash & Accrual

B
Direct & Indirect

C
Current Period & Prior Period

D
GAAP & International

Note: Answer not sure
1. Report
Question: Which of these does the operating section of a cash flow statement not contain?
A
Interest received on loans

B
Payments to suppliers

C
Dividends received from investments

D
Purchase of fixed assets

Note: Answer not sure
1. Report
Question: A company prepays for 6 months of insurance. What effect does this have on their current assets?
A
No Change

B
Increase

C
Decrease

D
Varies depending on how they paid

Note: Answer not sure
1. Report
Question: How are the Statement of Retained Earnings & the Balance Sheet related?
A
Debts paid off in the current period are detailed in the Statement of RE

B
Statement of RE is a detailed analysis of the equity section and the change in it from the prior reported period

C
Cash from the balance sheet is transferred to the Statement of RE

D
They are not linked directly

Note: Answer not sure
1. Report
Question: Which of the following financial statements provides information about economic resources and claims on those resources?
A
Income Statement

B
Balance Sheet

C
Statement of Cash Flows

D
All of these

Note: Not available
1. Report
Question: The _______________ reports the net cash flows relating to operating, investing, and financing activities for a particular period of time.
A
Retained Earnings Statement

B
Balance Sheet

C
Income Statement

D
Cash Flow Statement

Note: Answer not sure
1. Report
Question: The ____________ is the excess of revenues over expenses for a particular period.
A
Net Income

B
Net Loss

C
Cash Inflow

D
Change in Assets

Note: Answer not sure
1. Report
Question: Which of the following financial statements provides information about inflows and outflows of cash?
A
Income Statement

B
Balance Sheet

C
Statement of Cash Flows

D
All of these

Note: Answer not sure
1. Report

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Question: Which of the following would not be included in a balance sheet?

Question: Which of these is a part of "Other Revenues"?

Question: Which of these are the two methods of preparing the cash flow statement?

Question: Which of these does the operating section of a cash flow statement not contain?

Question: A company prepays for 6 months of insurance. What effect does this have on their current assets?

Question: How are the Statement of Retained Earnings & the Balance Sheet related?

Question: Which of the following financial statements provides information about economic resources and claims on those resources?

Question: The _______________ reports the net cash flows relating to operating, investing, and financing activities for a particular period of time.

Question: The ____________ is the excess of revenues over expenses for a particular period.

Question: Which of the following financial statements provides information about inflows and outflows of cash?