Practice Test 2 final.docx - 1 Name two basic types of financial instruments Stocks Bonds 2 What is a primary market Where the sale of stocks\/bonds

Practice Test 2 final.docx - 1 Name two basic types of...

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1. Name two basic types of financial instruments?
2. What is a primary market?
3. What is a secondary market
4. Name two types of secondary markets?
5. What is the formula to compute ending retained earnings?
6. Define or describe an income statement?
7. Define or describe free cash flow?
8. What is taxable income and accounting income?
9. Give two examples of accounting estimates used in financial accounting?10. Give an example of an accounting METHOD difference?

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