PoB 6.00 Financial Analysis Question Preview (ID: 34277)


6.00 Financial Analysis. TEACHERS: click here for quick copy question ID numbers.

Which is prepared from net income and dividend information?
a) accounting cycle
b) Balance sheet
c) Income statement
d) Statement of retained earnings

Which of these is prepared from the revenue, expenses, gains, and losses?
a) accounting cycle
b) Balance sheet
c) Income statement
d) Statement of retained earnings

Which of these is prepared from the assets, liabilities, and equity accounts?
a) accounting cycle
b) Balance sheet
c) Income statement
d) Statement of retained earnings

a series of activities that begins with a transaction and ends with the closing of the books is a ...
a) accounting cycle
b) Balance sheet
c) Income statement
d) Statement of retained earnings

Businesses would not be able to determine if they are meeting their financial goals without accurate:
a) accounting systems
b) distribution systems
c) marketing plans
d) production plans

One of the main reasons why businesses need to keep accurate accounting records is to:
a) control expenses
b) follow procedures
c) eliminate risks
d) regulate taxes

The role of finance in business often involves:
a) obtaining funds
b) buying supplies
c) paying employees
d) monitoring expenses

Businesses use the information collected through the accounting process to prepare accurate:
a) balance sheets
b) purchase orders
c) inventory forms
d) promissory notes

When businesses invest funds to expand, they are involved in the process of:
a) finance
b) capitalism
c) depreciation
d) selling

Assets a company already owns and can use to finance a new venture are called:
a) equity
b) return on capital
c) dividends
d) accounts payable

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