Question 1 Accounting concerns itself with future transactions and reporting. Not yet answered Points out of 1.00 P Flag question Select one: O True O False Next page Question 2 EBITDA stands for Not yet answered Points out of 1.00 P Flag question Select one: O a. Earnings for interest and taxes, depreciation, and amortization O b. Earnings before interest and taxes, depreciation, and accounts receivables c. Earnings before interest and taxes O d. Earnings before income and taxes, depreciation, and amortization Question 4 The qualitative goals of accounting are Not yet answered Points out of 1.00 P Flag question Select one: O a. reliability; variability; comparability; consistency; validity O b. usefulness; reliability; comparability; variability; truthfulness c. usefulness; relevancy; reliability; comparability; consistency O d. relevancy; variability; comparability; consistency; truthfulness Question 5 Not yet answered Generally Accepted Accounting Principles (GAAP), encompass the rules, practices, and procedures that define the proper execution of accounting. Points out of 1.00 P Flag question Select one: O True O False Previous page Next page Question 6 Current Ratio Not yet answered Points out of 1.00 P Flag question Select one: O a. is a percentage of assets financed by long-term and short-term debt O b. is a narrow measure of liquidity and demonstrates the ability to meet near-term obligations c. is a percentage of total liabilities O d. is a measure of liquidity and demonstrates the ability to meet near-term obligations Question 7 Cash is defined as Not yet answered Points out of 1.00 P Flag question Select one: a. cash and accounts receivables O b. short term, highly liquid investments maturing in 90 days or less C. cash on hand O d. short term, highly liquid investments maturing in less than one year Question 8 Finance may be defined as Not yet answered Points out of 1.00 P Flag question Select one: O a. the social science of managing money O b. the art and science of making money c. the study of analysis O d. the art and science of managing money Question 9 Finance can be classified into two major parts: Not yet answered Points out of 1.00 P Flag question The part that includes individual, partnership, and business finance is called Choose... The part that includes central, state, and semi government is called Choose... Previous page Next page Question 10 Finance and Accounting are related disciplines, yet they are treated separately in most organizations. Not yet answered Points out of 1.00 P Flag question Which time period does finance concern itself with? Choose... Which time period does accounting concern itself with? Choose... Previous page Finish attempt
