Can you please help me with these question from university of phoenix week 5 ACC 291?

16. The chief accounting officer in a company is known as the

opresident.

ocontroller.

otreasurer.

ovice-president.

17. Which one of the following would not be considered an advantage of the corporate form of organization?

oLimited liability of stockholders.

oGovernment regulation.

oContinuous life.

oSeparate legal existence.

18. Which of the following would not be true of a privately held corporation?

oIts shares are regularly traded on the New York Stock Exchange.

oIt does not offer its shares for sale to the general public.

oIt is usually smaller than a publicly held company.

oIt is sometimes called a closely held corporation.

19. The following information pertains to Pharoah Company. Assume that all balance sheet amounts represent average balance figures.

Total assets$420000

Stockholders' equity-common300000

Total stockholders' equity255000

Sales revenue100000

Net income22400

Number of shares of common stock7000

Common dividends6500

Preferred dividends6900

What is Pharoah's payout ratio?

o29.02%.

o42%.

o22%.

o14%.

20. Swifty Corporation had net income of $73788 and paid dividends of $25500 to common stockholders and $20500 to preferred stockholders in 2017. Swifty Corporation common stockholders' equity at the beginning and end of 2017s was $465000 and $550000, respectively. Swifty Corporation return on common stockholders' equity is

o11%.

o10%.

o15%.

o6%.

21. The primary purpose of the statement of cash flows is to

ofacilitate banking relationships.

oprovide information about the investing and financing activities during a period.

oprove that revenues exceed expenses if there is a net income.

oprovide information about the cash receipts and cash payments during a period.

22. Which one of the following items is not generally used in preparing a statement of cash flows?

oAdditional information.

oAdjusted trial balance.

oCurrent income statement.

oComparative balance sheets.

23. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is

ousually different from year to year.

ocash flows from investing activities.

ocash flows from operating activities.

ocash flows from financing activities.

24. Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, a stock dividend declared and issued would be classified on the statement of cash flows.

oInvesting activities section.

oDoes not represent a cash flow.

oOperating activities section.

oFinancing activities section.

25.Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, an inventory increase with cash would be classified on the statement of cash flows.

oInvesting activities section.

oFinancing activities section.

oOperating activities section.

oDoes not represent a cash flow.

26. Free cash flow provides an indication of a company's ability to

ogenerate cash to pay dividends.

ogenerate cash to invest in capital expenditures.

ogenerate cash to invest in capital expenditures and to pay dividends.

ogenerate net income.

27. When using the indirect method to compute cash provided by operating activities

oincome taxes paid may be ignored.

oamortization expense is added to net income.

odecreases in inventory are subtracted from net income.

oincreases in accounts receivable are added to net income

28. o determine the net cash provided (used) by operating activities, it is necessary to analyze

othe current year's income statement.

oa comparative balance sheet.

oadditional information.

oall of these answer choices are correct.

29. Which of these is not a liquidity ratio?

oAccounts receivable turnover

oInventory turnover

oCurrent ratio

oAsset turnover

30. The current ratio would be of most interest to

oshort-term creditors.

olong-term creditors.

ostockholders.

ocustomers.