Question
please answer me these questions with bold correct option 1:Which one of these accounts appears on the right-hand side of a balance sheet? Group of
please answer me these questions with bold correct option
1:Which one of these accounts appears on the right-hand side of a balance sheet?
Group of answer choices
Accumulated retained earnings
Property, plant, and equipment
Cash and equivalents
Intangible assets
Accumulated depreciation
2:The entire book value of the residual ownership of a corporation is known as the:
total equity.
retained earnings.
total assets.
intangible assets.
capital surplus.
3:Which one of the following is a current liability?
Group of answer choices
Amount due to a supplier in 18 months
Note payable in nine months
Loan payment due in 13 months
Estimated taxes just paid
Amount due from a customer in 30 days
4:Liquidity is:
Group of answer choices
valuable to a firm even though liquid assets tend to be less profitable to own.
a measure of the use of debt in a firm's capital structure.
equal to the market value of a firm's total assets minus its total liabilities.
generally most associated with intangible assets.
equal to current assets minus current liabilities.
5:Which one of these equations is an accurate expression of the balance sheet?
Group of answer choices
Stockholders' equity Assets + Liabilities
Assets Liabilities Stockholders' equity
Stockholders' equity Assets Liabilities
Liabilities Stockholders' equity Assets
Assets Stockholders' equity Liabilities
6:Which one of the following accounts is included in stockholders' equity?
Group of answer choices
Plant and equipment
Dividends paid
Accumulated retained earnings
Deferred taxes
Long-term debt
7:The financial statement summarizing a firm's accounting performance over a period of time is the:
Group of answer choices
statement of cash flows.
balance sheet.
statement of equity.
tax reconciliation statement.
income statement.
8:Noncash items refer to:
Group of answer choices
all accounts on the balance sheet other than cash on hand.
the accounts payable of a firm.
the costs incurred for the purchase of intangible fixed assets.
expenses charged against revenues that do not directly affect cash flow.
the credit sales of a firm.
9:All else held constant, the earnings per share will decrease as the:
Group of answer choices
total revenue of the firm increases.
number of shares outstanding increases.
costs decrease.
10:When you are making a financial decision, the most relevant tax rate is the ________ rate when the tax rate schedule is progressive.
Group of answer choices
marginal
variable
average
fixed
total
net income increases.
tax rate decreases.
11:Which one of these does not affect the cash flow to creditors?
Group of answer choices
Mortgage interest payment
Interest paid on long-term debt
Reduction in long-term debt
Increase in accounts payable
New mortgage on a building
12:The cash flow resulting from a firm's ongoing, normal business activities is referred to as the:
Group of answer choices
operating cash flow.
net capital spending.
additions to net working capital.
free cash flow.
cash flow to investors.
13: Operating cash flow is defined as:
Group of answer choices
Cash flow to investors + Taxes.
EBIT + Depreciation Taxes.
Pretax income Taxes.
Net income Dividends.
Pretax income + Depreciation.
14:In the accounting statement of cash flows, which one of these is calculated by adding back noncash expenses to net income and adjusting for changes in current assets and liabilities?
Group of answer choices
Net working capital
Cash flow from operations
Cash flow from investing activities
Cash flow from financing activities
Cash flow to investors
15:The accounting statement of cash flows consists of the cash flows from:
Group of answer choices
income statement accounts only.
internal activities, external activities, and financing activities.
operations, investing activities, and financing activities.
balance sheet accounts only.
operations, investing activities, and divesting activities.
16:One of the reasons why cash flow analysis is popular is because:
Group of answer choices
cash flows are strictly defined by Generally Accepted Accounting Principles (GAAP).
deferred taxes require future cash payment.
cash flows are more subjective than net income.
it is difficult to manipulate, or spin the cash flows.
operating cash flows are found on the income statement.
17:Total equity is $1,620, fixed assets are $1,810, long-term debt is $650, and short-term debt is $300. What is the amount of current assets?
Group of answer choices
$480
$760
$1,140
$790
$360
18:Mart's Boutique has sales of $820,000 and costs of $540,000. Interest expense is $36,000 and depreciation is $59,000. The tax rate is 21 percent. What is the net income?
Group of answer choices
$221,200
$179,250
$105,000
$139,050
$146,150
19:A firm has $820 in inventory, $3,200 in fixed assets, $1,210 in accounts receivable, $890 in accounts payable, and $360 in cash. What is the amount of the net working capital?
Group of answer choices
$5,590
$1,500
$4,700
$3,600
$2,390
20:At the beginning of the year, long-term debt of a firm is $2,400 and total debt is $3,150. At the end of the year, long-term debt is $2,800 and total debt is $4,370. The interest paid is $40. What is the amount of the cash flow to creditors?
Group of answer choices
$40
$1,260
$440
$1,180
$360
21:Last year, Webster Farms had annual revenue of $87,200, depreciation of $11,600, cost of goods sold of $54,700, and administrative expenses of $8,300. The firm paid $3,200 in dividends and paid taxes of $2,646. What was the operating cash flow?
Group of answer choices
$18,300
$23,700
$21,500
$21,554
$23,100
22: Delfinio's has total revenues of $4,315, selling and administrative expenses of $611, depreciation of $309, cost of goods sold of $2,403, taxes of $178, dividends of $80, and interest expense of $168. What is the amount of the non-cash items?
Group of answer choices
$567
$309
$477
$248
$481
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