A comprised list of flexible numbering system to allow for additions or deletions as an organization changes or grows is a: A. Balance sheet B. Reconciliation C. Chart of Accounts D. Organizational chart

Financial statements provide: A. A single document that provides all the details needed to complete an accurate financial assessment. B. Assistance in planning and further analysis for strategic development C. The Fiscal year from January to December snapshot of a business

D. All of the above

A manager identifies a sharp decline in Gross profit percentage. What might need to be done? A. Review if credit terms are being offered or utilized B. Pick one year to analyze financial statements using horizontal analysis C. Construct pro forma financial statements D. A and C but B may not be wise

Which are examples of financial ratio analysis? A. Free-flowing B. Vertical C. Acid-test D. All of the above

Money that can be used to help fund a business is called what? A. Capital B. Stock C. Equity D. Cash advance