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FINANCIAL MANAGEMENT

Authored by Kae Chen

English

University

FINANCIAL MANAGEMENT
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60 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenues are recorded at the point of sale and costs when they are incurred, not necessarily when a firm receives or pays out cash

Accrual-based Approach

FINANCIAL STATEMENT

Cash flow approach

Income Statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Used by financial professionals to focus attention on current and prospective inflows and outflows of cash

Cash flow approach

Accrual-based Approach

Income Statement

Statement of Retained Earnings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“snapshot”. View of the company’s financial position at a specific point in time

Balance

Notes to Financial Statements

Statement of Cash Flows

Balance Sheet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

also called “profit”. Earnings or margin

Income

Gross Profit

Pretax Income

Other Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

reconciles the net income earned during a given year and any cash dividends paid

Statement of Retained Earnings

Statement of Cash Flows –

Notes to Financial Statements

Cash Flow Analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

reconciles the firm’s operating, investment, and financing cash flows

Statement of Cash Flows

Notes to Financial Statements

Cash Flow Analysis

Statement of Retained Earnings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

explanatory notes that provide detailed information on the accounting policies, calculations and transactions

Notes to Financial Statements

Cash Flow Analysis

Statement of Cash Flows

Statement of Retained Earnings

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