Finance And Accounting

Question: Which of the following organizations, despite the fact that it has no legal authority, has played a role in developing acceptable accounting principles worldwide?
A
IASC

B
SEC

C
GAAP

D
FASB

Note: Answer not sure
1. Report
Question: XYZ Company reports total assets and total shareholders' eQuity of $375,000 and $220,000, respectively, at the end of its first year of business. The company reported earnings of $100,000 and distributed $40,000 in dividends during its first year. Also during the year, the company issued additional shares of stock for $75,000. What are the firm's liabilities at year end and the firm's contributed capital at the beginning of the year, respectively?
A
$75,000 and $115,000

B
$80,000 and $160,000

C
$155,000 and $85,000

D
$155,000 and $45,000

Note: Answer not sure
1. Report
Question: A __________________ involves comparing the changes in a firm's ratios over a multiple-year period.
A
Draft Analysis

B
Time-Series Analysis

C
Profit Margin Analysis

D
Net Income Analysis

Note: Answer not sure
1. Report
Question: Economic resources that have the potential or ability to provide future services or benefits to the firm are called _________________.
A
cash

B
liabilities

C
assets

D
equity

Note: Answer not sure
1. Report
Question: Which of the following is NOT a current asset?
A
Cash

B
Land

C
Merchandise Inventory

D
Accounts Receivable

Note: Answer not sure
1. Report
Question: During the year, XYZ Company issued additional common stock. This transaction is an example of which of the following?
A
An investing activity

B
A financing activity

C
An operating activity

D
None of these

Note: Answer not sure
1. Report
Question: A creditor's claim on the resources of the company is called ____________.
A
an asset

B
cash

C
equity

D
a liability

Note: Answer not sure
1. Report
Question: The ________________ indicates the number of times that the average inventory has been sold during a particular period.
A
Asset Utilization Ratio

B
Debt Equity Ratio

C
Inventory Turnover Ratio

D
Accounts Receivable Turnover

Note: Answer not sure
1. Report
Question: Which of the following ratios provides a measure of the sales generated for each dollar invested in assets?
A
Total Assets Turnover Ratio

B
Inventory Turnover Ratio

C
Return on Equity

D
Debt to Equity Ratio

Note: Answer not sure
1. Report
Question: Which of the following transactions does NOT result in an outflow of cash?
A
Purchase of a tract of land

B
Payment of dividends to shareholders

C
Reacquisition of some of the company's common stock

D
Issuance of long-term debt

Note: Answer not sure
1. Report

First Prev 66 67 68 69 70 Next Last

Question: Which of the following organizations, despite the fact that it has no legal authority, has played a role in developing acceptable accounting principles worldwide?

Question: A __________________ involves comparing the changes in a firm's ratios over a multiple-year period.

Question: Economic resources that have the potential or ability to provide future services or benefits to the firm are called _________________.

Question: Which of the following is NOT a current asset?

Question: During the year, XYZ Company issued additional common stock. This transaction is an example of which of the following?

Question: A creditor's claim on the resources of the company is called ____________.

Question: The ________________ indicates the number of times that the average inventory has been sold during a particular period.

Question: Which of the following ratios provides a measure of the sales generated for each dollar invested in assets?

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