Cfi statements - Study guides, Class notes & Summaries

What standards are used to help US investors understand and compare foreign financial statements to domestic financial statements? - Answer-International Financial Reporting Standards When a company is optimizing its resources and maintaining or improving productivity, they are engaging in what hypothesis - Answer-Efficient Market Hypothesis What is the basic type of negotiable debt? - Answer-Bonds What is the characteristic of a stock sold in the secondary markets? - Answer-Stocks sold in ...

CFI. The 3 Financial Statements

CFI 100 FMVA Study Guide Exam Certification Questions and Answers Income statement accounting - CORRECT ANSWER-Accrual - revenues & costs recorded as a business earns or incurs them, not as it receives and pays money It includes them in the relevant period's income statement and matches them as closely as possible CF makes no difference whatsoever - IS where sale happens => How do you decide when sale happens? RECOGNIZE REV UPON DELIVERY OF GOOD/SERVICE PERFORMED Why are profits ...

The sum of CFO + CFI + CFF is equal to - ANSWER-the change in cash during theperiodDepreciation expense is a significant source of difference between net income and CFObecause - ANSWER-depreciation is a non-cash expense on the Income Statementassociated with the acquisition of long-term assetsSubordinated bonds - ANSWER-are bonds not backed by collateralFor visualization purposes, CFI accounts are generally non-current assets on thebottom of the asset side of the Balance Sheet - ANSWER-TRUENOTE:...

CFI Statements

The matching principle in accrual accounting requires that: a. Expenses are matched to revenue recognition. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large enough to match expenses a The addition to retained earnings each year is: a. Net Income b. Net Income minus dividends c. Net Income plus dividends d. Net Income times the Payout Ratio b Net working capital equals: a. Current a...

CFI The 3 Financial Statements Exam Questions and Complete Solutions Graded A+

Statement of Cash Flows - ACCURATE ANSWERS Shows the change in cash balance for a period of time. Focuses only on items where cash is received, or cash is paid. Cash Flow from Operating Activities (CFO) - ACCURATE ANSWERS Cash flow that a company generates as a result of day-to-day business operations. Deals with Current Assets and Current Liabilities. Cash Flow from Investing Activities (CFI) - ACCURATE ANSWERS Cash flow that is generated from investments in long term assets. Cash Flow...

What standards are used to help US investors understand and compare foreign financial statements to domestic financial statements? - International Financial Reporting Standards When a company is optimizing its resources and maintaining or improving productivity, they are engaging in what hypothesis - Efficient Market Hypothesis What is the basic type of negotiable debt? - Bonds What is the characteristic of a stock sold in the secondary markets? - Stocks sold in the secondary markets are t...

WGU - C214 Financial Management – Final Exam Questions and Answers Statement of Cash Flows -Answer-Shows the change in cash balance for a period of time. Focuses only on items where cash is received, or cash is paid. Cash Flow from Operating Activities (CFO) -Answer-Cash flow that a company generates as a result of day-to-day business operations. Deals with Current Assets and Current Liabilities. Cash Flow from Investing Activities (CFI) -Answer-Cash flow that is generated from investm...