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Chapter 02 Financial Statements & Cash Flow




Question;17. Dividends per share is equal to dividends;paid;A. multiplied by the total number of shares outstanding.;B. divided by total shareholders' equity.;C. divided by the total number of shares outstanding.;D. multiplied by the par value of the common stock.;E. divided by the par value of common stock.;18. Which of the following are included in current;assets?;I. equipment;II. Inventory;III. accounts payable;IV. cash;A. II and IV only;B. I and III only;C. I, II, and IV only;D. III and IV only;E. II, III, and IV only;19. Which of the following are included in current;liabilities?;I. note payable to a supplier in eighteen months;II. debt payable to a mortgage company in nine months;III. accounts payable to suppliers;IV. loan payable to the bank in fourteen months;A. I and III only;B. II and III only;C. III and IV only;D. II, III, and IV only;E. I, II, and III only;20. An increase in total assets;A. means that net working capital is also increasing.;B. requires an investment in fixed assets.;C. means that shareholders' equity must also increase.;D. must be offset by an equal increase in liabilities and shareholders;equity.;E. can only occur when a firm has positive net income.;21. Which one of the following accounts is generally;the most liquid?;A. Patent;B. Accounts receivable;C. Building;D. Equipment;E. Inventory;22. Which one of the following statements concerning;liquidity is correct?;A. If you sold an asset today, it is a liquid asset.;B. Balance sheet accounts are listed in order of decreasing liquidity.;C. If you can sell an asset next year at a price equal to its actual;value, the asset is highly liquid.;D. The less liquidity a firm has, the lower the probability the firm will;encounter financial difficulties.;E. Trademarks and patents are highly liquid.;23. Liquidity is;A. a measure of the use of debt in a firm's capital structure.;B. equal to current assets minus current liabilities.;C. equal to the market value of a firm's total assets minus its current;liabilities.;D. valuable to a firm even though liquid assets tend to be less profitable;to own.;E. generally associated with intangible assets.;24. Which of the following accounts are included in;shareholders' equity?;I. retained earnings;II. interest paid;III. long-term debt;IV. capital surplus;A. I and II only;B. II and IV only;C. I and IV only;D. II and III only;E. I and III only


Paper#55162 | Written in 18-Jul-2015

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