财务习题——习题答案一起Word下载.docx
《财务习题——习题答案一起Word下载.docx》由会员分享,可在线阅读,更多相关《财务习题——习题答案一起Word下载.docx(162页珍藏版)》请在冰豆网上搜索。
A.balancesheet.
B.incomestatement.
C.statementofcashflows.
3.Acompany'
sprofitabilityforaperiodwouldbestbeevaluatedusingthe:
A.balancesheet.
4.Accountingpolicies,methods,andestimatesusedinpreparingfinancialstatementsaremostlikelyfoundinthe:
A.auditor'
sreport.
B.managementcommentary.
C.notestothefinancialstatements.
5.Informationaboutmanagementanddirectorcompensationwouldleastlikelybefoundinthe:
B.proxystatement.
C.notestothefinancialstatements.
6.Informationaboutacompany'
sobjectives,strategies,andsignificantriskswouldmostlikelybefoundinthe:
7.Whattypeofauditopinionispreferredwhenanalyzingfinancialstatements?
A.Qualified.
B.Adverse.
C.Unqualified.
8.Ratiosareaninputintowhichstepinthefinancialstatementanalysisframework?
A.Processdata.
B.Collectinputdata.
C.Analyze/interprettheprocesseddata.
AnIntroduction试题答案整理
Solutions
SOLUTIONS
1.Biscorrect.Thisistheroleoffinancialreporting.Theroleoffinancialstatementanalysisistoevaluatethefinancialreports.
2.Aiscorrect.Thebalancesheetportraysthecurrentfinancialposition.Theincomestatementandstatementofcashflowspresentdifferentaspectsofperformance.
3.Biscorrect.Profitabilityistheperformanceaspectmeasuredbytheincomestatement.Thebalancesheetportraysthecurrentfinancialposition.Thestatementofcashflowspresentsadifferentaspectofperformance.
4.Ciscorrect.Thenotesdisclosechoicesinaccountingpolicies,methods,andestimates.
5.Aiscorrect.Informationaboutmanagementanddirectorcompensationisnotfoundintheauditor'
sreport.Disclosureofmanagementcompensationisrequiredintheproxystatement,andsomeaspectsofmanagementcompensationaredisclosedinthenotestothefinancialstatements.
6.Biscorrect.Thesearecomponentsofmanagementcommentary.
7.Ciscorrect.Anunqualifiedopinionisa"
clean"
opinionandindicatesthattheFinancialstatementspresentthecompany'
sperformanceandfinancialpositionfairlyinaccordancewithaspecifiedsetofaccountingstandards.
8.Ciscorrect.Ratiosareanoutputoftheprocessdatastepbutareaninputintotheanalyze/interpretdatastep.
Reading23.FinancialReportingMechanics试题整理
1.Whichofthefollowingitemswouldmostlikelybeclassifiedasanoperatingactivity?
A.Issuanceofdebt.
B.Acquisitionofacompetitor.
C.Saleofautomobilesbyanautomobiledealer.
2.Whichofthefollowingitemswouldmostlikelybeclassifiedasfinancingactivity?
B.Paymentofincometaxes.
C.Investmentsinthestockof'
asupplier.
3.Whichofthefollowingelementsrepresentsaneconomicresource?
A.Asset.
B.Liability.
C.Owners'
equity.
4.Whichofthefollowingelementsrepresentsaresidualclaim?
A.Asset.
C.Owners'
5.Ananalysthasprojectedthatacompanywillhaveassetsof€2,000atyear-endandliabilitiesof€1,200.Theanalyst'
sprojectionoftotalowners'
equityshouldbeclosestto:
A.€800.
B.€2,000.
C.€3,200.
6.Ananalysthascollectedthefollowinginformationregardingacompanyinadvanceofitsyear-endearningsannouncement(inmillions):
Estimatednetincome$200
Beginningretainedearnings$1,400
Estimateddistributionstoowners$100
Theanalyst'
sestimateofendingretainedearnings{inmillions}shouldbeclosestto:
A.$1,300.
B.$1,500.
C.$1,700.
7.AnanalysthascompiledthefollowinginformationregardingRubsam,Inc.
Liabilitiesatyear-end€1,000
Contributedcapitalatyear-end€500
Beginningretainedearnings€600Revenueduringtheyear
Revenueduringtheyear€5,000
Expensesduringtheyear€4,300
Therehavebeennodistributionstoowners.Theanalyst'
smostlikelyestimateoftotalassetsatyear-endshouldbeclosestto:
A€2,100.
B€2.300.
C€2,800.
8.Agroupofindividualsformedanewcompanywithaninvestmentof$500,000.themostlikelyeffectof