A) Cash Flow from Operating Activities = Net Income B) Revenues - Expenses = Net Income C) Assets = Liabilities + Equity D) Total Revenue - Total Expenses = Profit
A) Statement of retained earnings B) Balance sheet C) Income statement D) Statement of cash flows
A) Common stock B) Long-term debt C) Property, plant, and equipment D) Accounts payable
A) First In, Last Out B) Funds In, Funds Out C) First In, First Out D) Final In, Final Out
A) Income statement B) Balance sheet C) Statement of cash flows D) Statement of retained earnings
A) Depreciation B) Amortization C) Depletion D) Capitalization
A) Prudence principle B) Materiality principle C) Consistency principle D) Matching principle
A) Earnings Before Income, Taxes, Dividends, and Amortization B) Earnings Before Interest, Taxes, Dividends, and Amortization C) Earnings Before Interest, Taxes, Depreciation, and Amortization D) Earnings Before Income, Taxes, Depreciation, and Amortization
A) It demonstrates the cash flows of a company B) It shows the revenues and expenses over a period of time C) It shows the financial position of a company at a specific point in time D) It summarizes the net income of a company
A) Total Equity + Net Income B) Total Revenue - Total Expenses C) Current Assets - Current Liabilities D) Total Assets - Total Liabilities
A) Income statement B) Statement of retained earnings C) Statement of cash flows D) Balance sheet
A) In order of profitability B) In order of age C) In order of liquidity D) In order of size
A) Debt to equity ratio B) Return on equity C) Profit margin D) Current ratio
A) Revenue / Total assets B) Dividends / Earnings before interest and taxes (EBIT) C) Net Income / Average number of outstanding shares D) Net Income / Total equity
A) Asset B) Liability C) Equity D) Revenue
A) Net Income / Total Equity B) Total Debt / Total Equity C) Assets / Liabilities D) Total Assets / Total Equity
A) Cost of Gross Sales B) Consumption of Goods Sold C) Commission on Gross Sales D) Cost of Goods Sold
A) Generally Accepted Accounting Principles. B) Global Accounting and Auditing Principles. C) General Accounting and Auditing Procedures. D) Global Association of Accounting Professionals.
A) Asset. B) Expense. C) Liability. D) Equity.
A) Balance sheet. B) Income statement. C) Retained earnings statement. D) Statement of cash flows. |