Question
9. Reasons that a private company might decide to prepare financial statements include all of the following, except: A.The companys lenders require the company to
9. Reasons that a private company might decide to prepare financial statements include all of the following, except:
A.The companys lenders require the company to send them financial statements
B.The company has several owners, who wish to monitor their ownership interests.
C.All U.S. companies must file annual audited financial statements with the U.S. government each year.
D.The company has profit-sharing plans that require it to base payments on financial statement information.
Question 10
It would be easiest to see the companys 2014 interest expense, as a percentage of revenues for the year, by looking at a:
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| A. | Common size balance sheet
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| B. | Common size income statement
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| C. | Percentage change balance sheet
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| D. | Percentage change income statement |
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