FINANCIAL MANAGEMENT

Quiz
•
English
•
University
•
Hard
Kae Chen
FREE Resource
60 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenues are recorded at the point of sale and costs when they are incurred, not necessarily when a firm receives or pays out cash
Accrual-based Approach
FINANCIAL STATEMENT
Cash flow approach
Income Statement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Used by financial professionals to focus attention on current and prospective inflows and outflows of cash
Cash flow approach
Accrual-based Approach
Income Statement
Statement of Retained Earnings
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“snapshot”. View of the company’s financial position at a specific point in time
Balance
Notes to Financial Statements
Statement of Cash Flows
Balance Sheet
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
also called “profit”. Earnings or margin
Income
Gross Profit
Pretax Income
Other Income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
reconciles the net income earned during a given year and any cash dividends paid
Statement of Retained Earnings
Statement of Cash Flows –
Notes to Financial Statements
Cash Flow Analysis
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
reconciles the firm’s operating, investment, and financing cash flows
Statement of Cash Flows
Notes to Financial Statements
Cash Flow Analysis
Statement of Retained Earnings
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
explanatory notes that provide detailed information on the accounting policies, calculations and transactions
Notes to Financial Statements
Cash Flow Analysis
Statement of Cash Flows
Statement of Retained Earnings
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