WorksheetsFinancial Management
Total questions: 20
Worksheet time: 3mins
The shareholder's equity of a corporation has three basic components. Which does not belong to the group?
Accounts Payable
Share Capital
Reserves
Retained Earnings
It consists of recognized gains and losses that are not included in the income statement but are found in the equity section
Income Statement
Statement of Changes in Equity
Comprehensive Income
Statement of Financial Position
This is a legal business entity created by the government.
Sole Proprietorship
Partnership
Corporation
Cooperative
These are given to managers based on their effectiveness in achieving company goals
Economic Value Added
Performance Shares
Preference Shares
Ordinary Shares
The contract evidencing the existence of partnership
Service Contract
Articles of Partnership
Articles of Incorporation
Contract of Partnership
What is the formula for Earnings per share (EPS)?
Net Income/Ordinary Shares
Net Profit/Shares
Net Income/Shares
Net Income/Shares Oustanding
This considered as the oldest, most common, and simplest form of business organization.
Sole Ownership
Partnership
Sole Proprietorship
Corporation
This statement presents the result of the firm's operation or performance for a given time
Statement of Financial Position
Income Statement
Statement of Comprehensive Income
Statement of Changes in Equity
Which does not belong to the group?
Property, Plant and Equipment
Accounts Receivable
Inventory
Prepaid Expenses
Which does not belong to the group?
Accounts payable
Dividends Payable
Withholding Tax Payable
Premium on bonds payable
These are activities related in the generation of the principal revenue of the firm
Investing Activities
Financing Activities
Operating Activities
All of the above
The summary of the operating, investing and financing activities of the firm is presented in the?
Statement of Financial Position
Statement of Retained Earnings
Statement of Comprehensive Income
Statement of Cash Flows
Which does not belong to the group?
Inventories
Land held for Speculation
Computer Software
Equipment
Which does not belong to the group?
Preference Share Capital
Preference Share Redemption Fund
Share Premium - Ordinary
Ordinary Shares
Financial Managers are often task to trade the equity securities of the firm in the financial market. What particular activity is this?
Forecasting & Planning
Making Crucial Investment & Financing Decisions
Coordinating & Controlling
Trading in Financial Markets
This is the last component of Shareholder's Equity
Share Capital
Reserves
Retained Earnings
Additional Paid-In Capital
Compute the EPS based on the given data below:
Shares Outstanding - 100, 000
Year-end Net income - 750,000
7 per share
7.50 per share
6 per share
5 per share
It is considered to be the expansive goal of the firm.
Valuation Approach
Maximization of Shareholder's Wealth
Social Responsibility
Ethical Behavior
Which does not belong to the group?
Notes Receivable
Accrued Interest Income
Trading Securities
Sinking Fund
Which does not belong to the group?
Advances to officers not currently collectible
Long-term refundable deposit
Land held for speculation
Prepaid Expenses
