Search Header Logo

Advanced Accounting Ch. 14 Review

Authored by Sydney Van Meter

Business

9th - 12th Grade

Advanced Accounting Ch. 14 Review
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

21 questions

Show all answers

1.

MATCH QUESTION

1 min • 1 pt

Match these definitions with the correct term.

interest coverage ratio

gross profit as a percent of net sales ​

EBIT

the number of times a company can cover its interest expense with its earnings

market value of a share of cost

a difference between net income and taxable income for more than one period that reverses out over the entire period

gross margin

the price at which a share of stock may be sold on the stock market at any given time

temporary difference

earnings before interest expense and taxes

2.

MATCH QUESTION

1 min • 1 pt

Match these definitions.

quick ratio

net income after federal income tax divided by the number of outstanding shares of stock

earnings per share (EPS)

the relationship between net income and average stockholders' equity

rate earned on average total assets

a ratio that measures the relationship of quick assets to current liabilities

rate earned on avg. stockholders' equity

the relationship between net income and average total assets

working capital

the amount of total current assets less total current liabilities

3.

MATCH QUESTION

1 min • 1 pt

Match these Definitions.

capital expenditures

purchases of plant assets used in the operation of a business

debt ratio

financial statements that provide information for multiple fiscal periods

current ratio

a ratio that measures the relationship of current assets to current liabilities

comparative financial statements

Short-term, liquid investments that are readily convertible to cash and which mature in three months or less.

cash equivalents

total liabilities divided by total assets

4.

MATCH QUESTION

1 min • 1 pt

Match these terms.

equity ratio

the relationship between the market value per share and earnings per share of a stock

dividend yield

the ratio found by dividing stockholders' equity by total assets

common equity per share

the relationship between dividends per share and market price per share

price-earnings ratio

a difference between net income and taxable income only for that year and that is never balanced out in a future year

permanent difference

the amount of common stockholders' equity belonging to a single share of common stock

5.

MATCH QUESTION

1 min • 1 pt

Match these correctly.

quick assets

income from operations as a percent of net sales

free cash flow

cash and other current assets that can be converted quickly into cash

operating margin

all changes in equity for the period, except changes caused by owner investments and owner distributions

comprehensive income

cash flows from operations less cash used for capital expenditures

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F- A permanent difference between net income and taxable income is one that will balance out over time.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F- A business gets capital from two sources: (1) owners' investments and retained earnings and (2) loan.

True

False

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?