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1. Which of the following is used by financial analysts in forming a recommendation about whether a company's stock should be sold, held or bought?

This question was answered on Mar 27, 2010. View the Answer
Which of the following is used by financial analysts in forming a recommendation about whether a company's stock should be sold, held or bought?
A) Knowledge of alternative accounting methods used by companies in their financial statement preparation
B) Information about the general economy
C) Information about competitors within the industry
D) Only B and C are used
E) All of the above are used

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1. Which of the following is used by financial analysts in forming a recommendation about whether a company's stock should be sold, held or bought? A) Knowledge of alternative accounting methods used by companies in their financial statement preparation B) Information about the general economy C) Information about competitors within the industry D) Only B and C are used E) All of the above are used 2. A company reports its cost of goods sold as $15.0 billion in 2009. It has $2.9 billion in inventory and reports accounts payable at $1.2 billion in 2009. In 2008, ending inventory was reported at $3.1 billion and accounts payable was $1.4 billion. How much cash was paid to suppliers for 2009? A) $14.8 billion B) $15.0 billion C) $15.2 billion D) $15.7 billion E) None of the above 3. On January 1, 2009, Pyle Company purchased an asset that cost $50,000 (no estimated residual value, estimated useful life 8 years, straight-line depreciation is used). An error was made because the total cost amount was debited to an expense account for 2009 and no depreciation on it was recorded. Pretax income for 2009 was $42,000. The correct pretax income for 2009 was A) $35,750. B) $48,250. C) $85,750. D) $92,000. E) None of the above is correct. 4. On July 1, 2009, Prism, Inc., borrowed $30,000 from First Bank on a one year, 10% note payable. Interest is payable on June 30, 2010, the due date of the note. Their accounting year ends December 31, 2009. Reference: 09_01 On the company's 2009 year-end balance sheet, the notes payable account should be reported as a A) $31,500 long-term liability. B) $31,500 current liability. C) $30,000 long-term liability. D) $30,000 current liability. E) None of the above is correct. 5. There is a reciprocal relationship between the A) present value of the annuity of $1 and the present value of $1. B) future value of $1 and the future value of an annuity. C) present value of $1 and the future value of $1. D) present value of the annuity of $1 and the future value of annuity of $1. E) Two of the above are correct. 6. A bond backed by the future potential earnings and credit rating of the company is called a
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A) debenture bond B) callable bond C) discount bond D) convertible bond 7. Which of the following is true ? A) A lower times interest earned ratio could indicate a growing company. B) A lower times interest earned ratio is desired by creditors. C) A more important indicator that a company is able to meet its debt obligations would be the sufficiency of its cash flow from operating activities. D) Both A and C are true. E) All of the above are true. 8. The annual interest rate specified on a bond (which is based on the maturity amount of the bond) appropriately can be called the A) stated rate. B) market rate. C) effective rate. D) risk rate. 9. Waterloo Corporation purchased factory equipment for a cost of $1,800,000. It cost $100,000 for its delivery, $220,000 for its installation and modifications to the production building, and cost $60,000 in interest costs on borrowed funds used to acquire the equipment. What is the acquisition cost of the new equipment? 10. Match the liabilities with their usual classification on the balance sheet by entering the appropriate letters in the spaces.
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1.
Which of the following is used by financial analysts in forming a recommendation about whether a
company's stock should be sold, held or bought?
A) Knowledge of alternative accounting methods...

This question was asked on Mar 26, 2010 and answered on Mar 27, 2010.

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