
Advanced Accounting Ch. 14 Review
Authored by Sydney Van Meter
Business
9th - 12th Grade

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21 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match these definitions with the correct term.
gross margin
the price at which a share of stock may be sold on the stock market at any given time
temporary difference
earnings before interest expense and taxes
market value of a share of cost
the number of times a company can cover its interest expense with its earnings
interest coverage ratio
gross profit as a percent of net sales
EBIT
a difference between net income and taxable income for more than one period that reverses out over the entire period
2.
MATCH QUESTION
1 min • 1 pt
Match these definitions.
rate earned on average total assets
the relationship between net income and average stockholders' equity
working capital
net income after federal income tax divided by the number of outstanding shares of stock
quick ratio
the amount of total current assets less total current liabilities
rate earned on avg. stockholders' equity
a ratio that measures the relationship of quick assets to current liabilities
earnings per share (EPS)
the relationship between net income and average total assets
3.
MATCH QUESTION
1 min • 1 pt
Match these Definitions.
capital expenditures
purchases of plant assets used in the operation of a business
debt ratio
Short-term, liquid investments that are readily convertible to cash and which mature in three months or less.
comparative financial statements
a ratio that measures the relationship of current assets to current liabilities
cash equivalents
total liabilities divided by total assets
current ratio
financial statements that provide information for multiple fiscal periods
4.
MATCH QUESTION
1 min • 1 pt
Match these terms.
price-earnings ratio
a difference between net income and taxable income only for that year and that is never balanced out in a future year
common equity per share
the relationship between dividends per share and market price per share
dividend yield
the ratio found by dividing stockholders' equity by total assets
permanent difference
the amount of common stockholders' equity belonging to a single share of common stock
equity ratio
the relationship between the market value per share and earnings per share of a stock
5.
MATCH QUESTION
1 min • 1 pt
Match these correctly.
comprehensive income
cash flows from operations less cash used for capital expenditures
operating margin
cash and other current assets that can be converted quickly into cash
quick assets
income from operations as a percent of net sales
free cash flow
all changes in equity for the period, except changes caused by owner investments and owner distributions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
T/F- A permanent difference between net income and taxable income is one that will balance out over time.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
T/F- A business gets capital from two sources: (1) owners' investments and retained earnings and (2) loan.
True
False
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