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Finance Chapter 3 - Working Financial Statements

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Louisiana State University
FIN 3715

Chapter 03Working with Financial StatementsChapter 03Working with Financial StatementsMultiple Choice Questions 1 Activities of a firm which require the spending of cash are known as A sources of cashB uses of cashC cash collectionsD cash receiptsE cash on hand 2 The sources and uses of cash over a stated period of time are reflected on the A income statementB balance sheetC tax reconciliation statementD statement of cash flowsE statement of operating position 3 A commonsize income statement is an accounting statement that expresses all of a firms expenses as percentage of A total assetsB total equityC net incomeD taxable incomeE sales 4 Which one of the following standardizes items on the income statement and balance sheet relative to their values as of a common point in time A statement of standardizationB statement of cash flowsC commonbase year statementD commonsize statementE base reconciliation statement 31Chapter 03Working with Financial Statements5 Relationships determined from a firms financial information and used for comparison purposes are known as A financial ratiosB identitiesC dimensional analysisD scenario analysisE solvency analysis 6 The formula which breaks down the return on equity into three component parts is referred to as which one of the following A equity equationB profitability determinantC SIC formulaD Du Pont identityE equity performance formula 7 The US government coding system that classifies a firm by the nature of its business operations is known as the A NASDAQ 100B StandardPoors 500C Standard Industrial Classification codeD Governmental ID codeE Government Engineered Coding System 8 Which one of the following is a source of cash A increase in accounts receivableB decrease in notes payableC decrease in common stockD increase in accounts payableE increase in inventory 32Chapter 03Working with Financial Statements9 Which one of the following is a use of cash A increase in notes payableB decrease in inventoryC increase in longterm debtD decrease in accounts receivablesE decrease in common stock 10 Which one of the following is a source of cash A repurchase of common stockB acquisition of debtC purchase of inventoryD payment to a supplierE granting credit to a customer 11 Which one of the following is a source of cash A increase in accounts receivableB decrease in common stockC decrease in longterm debtD decrease in accounts payableE decrease in inventory 12 On the Statement of Cash Flows which of the following are considered financing activitiesI increase in longterm debtII decrease in accounts payableIII interest paidIV dividends paid A I and IV onlyB III and IV onlyC II and III onlyD I III and IV onlyE I II III and IV 33
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