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Chapter 3 Web Quiz

Chapter 3 Web Quiz - uiz Brigham/Houston Fundamentals of...

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Summary of Results Required field Web Quiz Assignment Name: Brigham/Houston: Fundamentals of Financial Management, 12e, Chapter 3 Total Possible: 24.0 Time Spent: 00:01:22 / 01:00:00 correct 24.00 100.00% To email the results to your instructor(s), complete this form: E-mail results to: Additional message: Your first name: Your last name: Your email address: 1 Accounting and financial statements become increasingly important as an economy develops and as businesses become more complex. True or false? True False status: correct (1.0) correct: true your answer: true feedback: Correct. 2 The annual report includes which of the following statements? a. A balance sheet for the latest year and possibly for several prior years. b. An income statement for the latest year and possibly for several prior years. c. A statement of cash flows for the latest year. d. Statements "A balance sheet for the latest year and possibly for several prior years", "An income statement for the latest year and possibly for several prior years", and "A statement of cash flows for the latest year" are correct. status: correct (1.0) correct: d your answer: d feedback: Correct. 3 The balance sheet summarizes the assets that the firm owns and the debt and equity capital that was used to finance those assets. The assets are divided into those expected to be used within a year and those expected to be used for more than one year. Similarly, liabilities and capital are divided into those items that must be paid off within a year and those that have longer maturities. True or false? Quiz: Brigham/Houston: Fundamentals of Financial Mana... http://webquiz.ilrn.com/ilrn/bca/user/quiz-public/run;js... 1 of 6 8/30/2010 10:24 AM
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True False status: correct (1.0) correct: true your answer: true feedback: Correct. 4 All of the items shown in the balance sheet are stated in dollar terms, but only cash and cash equivalents indicate how much actual money the firm has and can spend immediately without taking some other action like selling assets or borrowing. True or false? True False status: correct (1.0) correct: true your answer: true feedback: Correct.
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