HSM340Week2Quiz.docx - Question 1 5 5 pts(TCO 2 A statement...

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Question 1 5 / 5 pts (TCO 2) A statement that reports the financial position (assets, liabilities, and stockholders' equity) of an accounting entity at a point in time is called a(an): Income statement Statement of retained earnings Correct! Balance sheet Statement of cash flows Report of management Chapter 9 Question 2 5 / 5 pts (TCO 2) Two major methods of asset valuation are: historical cost and future cost historical cost and acquisition cost Correct! historical cost and replacement cost acquisition cost and future cost Chapter 10
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Question 3 5 / 5 pts (TCO 2) The _____ is a way for organizations to improve the collection and communication of financial and operating information. Correct! Performance dashboard Financial bottom-line Holistic perspective Performance perspective Chapter 11 Question 4 5 / 5 pts (TCO 2) What is/(are) the primary determinant(s) of firm value? Profit Investment Cost of capital Correct! All of above Chapter 11 Question 5 5 / 5 pts
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(TCO 2) Explain the difference between the accrual basis of accounting and the cash basis of accounting.?
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  • Summer '14
  • Balance Sheet, Generally Accepted Accounting Principles, 5 pts, 10 pts, accounting entity, Health Care Finance.

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