quizz 2.1 - 1. Which financial statement is used to...

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1. Which financial statement is used to determine cash generated from operations? A) income statement B) statement of operations C) statement of cash flows D) retained earnings statement Points Earned: 5.0/5.0 Correct Answer(s): C 2. Which of the following is the least likely consideration that management uses when deciding whether to pay a dividend? A) Does the company have more cash than it has opportunities? B) Is the company's average number of common shares outstanding decreasing? C) Does the company have uses for cash that will increase its value? D) What are the company's cash needs? Points Earned: 5.0/5.0 Correct Answer(s): B 3. It is not true that current assets are resources that are expected to be A) realized in cash within one year. B) sold within one year. C) consumed within one year. D) acquired within one year. Points Earned: 5.0/5.0 Correct Answer(s): D 4. For 2010 Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
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B) $0.25 C) $66.67 D) $14.86 Points Earned: 0.0/5.0 Correct Answer(s): A 5. Use the following data to determine the total dollar amount of assets to be classified as current assets. A) $220,000.
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This note was uploaded on 06/21/2011 for the course GOVT 1301 taught by Professor Capentor during the Spring '11 term at Cy-Fair College.

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quizz 2.1 - 1. Which financial statement is used to...

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