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Unformatted text preview: useful. MINI-EXERCISES M5-1. Players Definitions ____C____ (1) CEO and CFO ____D____ (2) Independent auditor ____B____ (3) Users ____A____ (4) Financial analyst A. Adviser who analyzes financial and other economic information to form forecasts and stock recommendations. B. Institutional and private investors and creditors (among others). C. Chief executive officer and chief financial officer who have primary responsibility for the information presented in financial statements. D. Independent CPA who examines financial statements and attests to their fairness. M5-3. Elements of Financial Statements Financial Statements B (1) Liabilities A. Income statement. C (2) Cash from operating activities B. Balance sheet. A (3) Losses C. Cash flow statement B (4) Assets D. None of the above. A (5) Revenues C (6) Cash from financing activities A (7) Gains B (8) Owners' equity A (9) Expenses D (10) Assets personally owned by stockholder...
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- Spring '11