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5 Written questions

5 Matching questions

  1. Retained Earnings
  2. Stockholder's Equity
  3. Free Cash Flow
  4. Debt to Asset Ratio
  5. Full Disclosure Principle
  1. a all circumstances that could make a differernce are disclosed
  2. b Beginning Retained Earnings + Net Income/Loss - Dividends = Ending Retained Earnings
  3. c Common Stock and Retained Earnings
  4. d = total liabilities / total assets
  5. e = cash flow from operating activities - cash used for capital expenditures - dividends paid

5 Multiple choice questions

  1. oversee stock exchange and markets
  2. Intl Financial Reporting Standards (IFRS)
  3. combine tax advantages with limited liability
  4. accurately depicts what really happened
    1. Complete
    2. Neutral
    3. Free from Error
  5. Annual Report: financial statements, update of company to stockholders

5 True/False questions

  1. Relevancepay interest as it comes due to repay the balance of debt


  2. Intangible Assetsno physical substance; patent, goodwill (one company buys another company), copyrights


  3. Generally Accepted ACC Principles (GAAP)Intl Financial Reporting Standards (IFRS)


  4. Classified Balance SheetLiabilities + Stockholder's Equity = Assets


  5. Current Liabilitiesobligations to be paid in coming year; notes/accounts/wages/salaries/bank loans/interest/taxes payable; Notes is always first, then Acct