Financial Management

The shareholder's equity of a corporation has three basic components. Which does not belong to the group?

• Accounts Payable

• Share Capital

• Reserves

• Retained Earnings

It consists of recognized gains and losses that are not included in the income statement but are found in the equity section

• Income Statement

• Statement of Changes in Equity

• Comprehensive Income

• Statement of Financial Position

This is a legal business entity created by the government.

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

These are given to managers based on their effectiveness in achieving company goals

• Economic Value Added

• Performance Shares

• Preference Shares

• Ordinary Shares

The contract evidencing the existence of partnership

• Service Contract

• Articles of Partnership

• Articles of Incorporation

• Contract of Partnership

What is the formula for Earnings per share (EPS)?

• Net Income/Ordinary Shares

• Net Profit/Shares

• Net Income/Shares

• Net Income/Shares Oustanding

This considered as the oldest, most common, and simplest form of business organization.

• Sole Ownership

• Partnership

• Sole Proprietorship

• Corporation

This statement presents the result of the firm's operation or performance for a given time

• Statement of Financial Position

• Income Statement

• Statement of Comprehensive Income

• Statement of Changes in Equity

Which does not belong to the group?

• Property, Plant and Equipment

• Accounts Receivable

• Inventory

• Prepaid Expenses

Which does not belong to the group?

• Accounts payable

• Dividends Payable

• Withholding Tax Payable

• Premium on bonds payable