In which accounting standard did the FASB and the IASB jointly propose new standards designed to improve the comparability of disclosures in financial statements?

1. In valuing assets NOT THIS ONE
2. In fair value disclosure
3. In revenue Recognition
4. In devaluating financial assets
5. In expected loss modeling

What does a statement of cash flow describe?

1. Funds that flow into the business from the sale of the goods or servece provided
2. GROSS profit compared to opperating expenses
3. Cost of obtaining material needed to produce products
4. Value of revelues compared to cost of revenues
5. Yearly receipts and Cash payment

How is the market value of a stock determined?

1. Interest rates
2. Number of shares available
3. The firm's owner's equity NOT THIS ONE
4. Profit seeking potential
5. How much buyers are willing to pay

What is the increase in the dollar value of an investment known as?

1. a)Dividend payout
2. b) Interest yield
3. c)Capital gain NOT THIS ONE
4. d)Total return

e)Price appreciation

When do investors expect a higher rate of return on their investments?

1. a)When there is a short time commitment
2. b)When there is greater uncertainty
3. c)When the investment is for a larger share of the offering NOT THIS ONE
4. d)When the investment requires more upfront capita
5. e)When the investment is stable

When a security is resold and bought by another investor, where does the gain or loss go?

1. A)The investor who bought the security
2. B)The bank that financed the IPO NOT THIS ONE
3. C)The investor who sold the security
4. D)The company
5. E)Stakeholders with vested interests in the company

What is the advantage to a small business when planning for shortfalls in cash flow?

A)Lower interest loans can be sought for the needed time frame.NOT THIS ONE

B)Loans can be obtained in advanced and put in interest earning investments.

C)Financial resources can be saved in a savings account until needed.

D)Banks are more likely to offer loans if they know when the money will be needed.

E)Small businesses will appear more professional, resulting in favorable banking relationships.

Which of the following terms represents a promise by the bank to pay a firm on behalf of another firm, if specified conditions are met?

a)Bank trust service

B)Certified check

c)Letter of credit

D)Banker's acceptance

e)Currency exchange agreement