1. Which is the best measure of risk for a single asset held in isolation, and which is the best measure for asset held in a diversified portfolio Variances correlation coefficient ndard di correlation I Ret Variance Coefficient of variation a beta 2. Which of the following items cannot be found on a firm's balance sheet under curren t SIN h ermes payable to the bank tudo Accrued payrolles r Which of the following is CORRECTE The focal point of the income statement is the cash account because that account cannot be ated by conting tricks The reported income of two otherwise identical firms cannot be manipulated by different counting procedures provided the firms follow generally accepted accounting principles GAAP The reported income of two otherwise identical firms must be identical if the firms are publicly owned, provided they follow procedures that are permitted by the Securities and Exchange Commission (SEC) Ira fim follows generally accepted accounting principles (GAAP), then its reported met income will be identical to its reported cash flow The income statement for a given year is designed to give us idea of how much the form red during that year 1. Below are the 2017 and 2018 year-end balance sheets for Tran Enterprises Ass 2017 2015 $ 200,000 $ 170.000 Accounts receivable 34.00 100.000 0.000 000 Total current assets S37064,00062,270.000 Nel fixed assets .000 000 STVO TN and copy 10000 1000 Notes payable to hand 300 000 alcune 2000 og um 20000 20000 C ock1000 2000 Rated camins SRO Flity 14250 Frosalilities and equity 90547 200 The firm has ever pruida dividend on its common stock, and it issued 2 000 000 of 10 ya no l e long-term debe in 2017. As of the end of 2018, one of the principal on this debe had been repand Assume that the company's sales in 2017 and 2018 were the same. Which of the following he CORRECTE The firm increased in short-term han dicht in SIR The firm issued beglemm debt in 2018 The firm issuedew common stock in 2018 The firm repurchased common stock in 2018 The firm had negative net income in 2018