Ch2 - COURSES > FUNDAMENTALS OF CORPORATE FINANCE:, 9/E-...

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Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. COURSES > FUNDAMENTALS OF CORPORATE FINANCE:, 9/E - ROSS > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Add Multiple Choice Creation Settings Name Chapter 02 Financial Statements, Taxes, and Cash Flow Description Questions which Blackboard's assessment component is incapable of supporting are not included in the export. Instructions Add Question Here Question 1 Multiple Choice Question Which one of the following is the financial statement that shows the accounting value of a firm's equity as of a particular date? Answer income statement creditor's statement balance sheet statement of cash flows dividend statement Correct Feedback Refer to section 2.1 Incorrect Feedback Refer to section 2.1 Add Question Here Question 2 Multiple Choice Question Net working capital is defined as: Answer total liabilities minus shareholders' equity. current liabilities minus shareholders' equity. fixed assets minus long-term liabilities. total assets minus total liabilities. current assets minus current liabilities. Correct Feedback Refer to section 2.1 Incorrect Feedback Refer to section 2.1 Add Question Here Question 3 Multiple Choice Question The common set of standards and procedures by which audited financial statements are prepared is known as the: Answer matching principle. cash flow identity. Generally Accepted Accounting Principles. Financial Accounting Reporting Principles. Standard Accounting Value Guidelines. Correct Feedback Refer to section 2.1 Incorrect Feedback Refer to section 2.1 Add Question Here
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Question 4 Multiple Choice Question Which one of the following is the financial statement that summarizes a firm's revenue and expenses over a period of time? Answer income statement balance sheet statement of cash flows tax reconciliation statement market value report Correct Feedback Refer to section 2.2 Incorrect Feedback Refer to section 2.2 Add Question Here Question 5 Multiple Choice Question Noncash items refer to: Answer accrued expenses. inventory items purchased using credit. the ownership of intangible assets such as patents. expenses which do not directly affect cash flows. sales which are made using store credit. Correct Feedback Refer to section 2.2 Incorrect Feedback Refer to section 2.2 Add Question Here Question 6 Multiple Choice Question The percentage of the next dollar you earn that must be paid in taxes is referred to as the _____ tax rate. Answer mean residual total average marginal Correct Feedback Refer to section 2.3 Incorrect Feedback Refer to section 2.3 Add Question Here Question 7 Multiple Choice Question The _____ tax rate is equal to total taxes divided by total taxable income. Answer
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This note was uploaded on 06/22/2010 for the course FIN 600 taught by Professor Marks during the Spring '10 term at Odessa College.

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Ch2 - COURSES > FUNDAMENTALS OF CORPORATE FINANCE:, 9/E-...

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