Financial Planning I - Obj. 3.01 Review

What type of document outlines the financial status of a business?

• Balance Sheet

• Annual Report

• Bank Statement

Which information is a person unable to obtain from a stock table?

• the yearly price range of the stock

• whether the stock price is up or down

• breaking news affecting the company that day

Which document is different from a standard financial statement?

• shareholder sheet

• balance sheet

• income statement

• cash flow statement

What does an income statement show about a company over a period of time?

• equity

• liabilities

• profitability

• reliability

Which is a true statement about ticker symbols?

• They identify the kind of stock.

• They are only given to companies on the New York Stock Exchange.

• They uniquely identify a company.

On a stock table, net change shows the difference between:

• the highest and lowest prices for the day.

• the day's closing price and the previous day's price.

• the highest and lowest prices for the year.

Which statement is false about Form 8-K?

• Companies are required to file it within 15 days of a significant event.

• Companies are required to file it for the first three quarters of the fiscal year.

• The form describes changes in company management, products, acquisitions, or legal actions.

If a stock price rises and falls sharply within a 52-week period, it is said to be:

• solid.

• healthy

• stable.

• volatile.

Publicly traded companies are required to provide:

• stock research.

• business report cards.

• financial statements

Which item should be placed in the liabilities section on a company balance sheet?

• inventory

• cash

• buildings

• employee wages