Exam (elaborations)
Ivy CFIN Quizzes 1-7 Questions and Complete Solutions Graded A+
- Course
- Institution
Ivy CFIN Quizzes 1-7 Questions and Complete Solutions Graded A+
[Show more]
Content preview
Ivy CFIN Quizzes 1-7 Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
,The statement that shows all investments in the company and all the distributions during a reporting
period is called
a. the cash flow statement.
b. the working capital statement.
c. the sources and uses of funds statement
d. the statement of owner's equity.
e. none of the above. - Answer: d. the statement of owner's equity.
The statement which records a firm's financial position on a single day is called the income statement.
T/F - Answer: False
Comprehensive Income of the period is shown on the
a. Income Statement
b. Balance Sheet
c. Statement of Retained Earnings
d. None of the above - Answer: a. Income Statement
Depreciation expense is a good example of which of the following generally accepted accounting
principles?
a. Relevance
b. Matching
c. Reliability
d. Understandability - Answer: b. Matching
Generally speaking, large increases in sales by a company require more investments in inventories and
receivables. T/F - Answer: True
Which ratio shows the average percentage by which sales price exceeds the cost of goods sold?
a. profit margin
b. asset turnover
, c. gross margin
d. receivables turnover
e. return on assets - Answer: c. gross margin
Depreciation is a noncash expense. T/F - Answer: True
Net Income is a part of
a. Cash flow from operating expenses
b. Cash flow from investing activities
c. Cash flow from debt activities
d. None of the above - Answer: a. Cash flow from operating expenses
The P/E ratio indicates the stock market's opinion of a company's prospects for growth and earnings as
well as the market's perception of the firm's risk. T/F - Answer: True
Matching refers to including all expenses incurred to realize the revenues reported. T/F - Answer: True
One of the qualitative factors that impacts the industry is an industry maturity and profit trends. T/F -
Answer: True
Which statement is typically projected first?
a. Balance sheet
b. Income statement
c. Statement of retained earnings
d. None of the above - Answer: b. Income statement
There are three distinct steps in developing pro forma statements. Which of the following is not one of
those steps?
a. qualitative analysis
b. quantitative analysis
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now