FIN 202 CHAPTER 1 QUESTIONS AND ANSWERS | LATEST UPDATE | 2024/2025 | ALREADY PASSED
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Module
FIN 202 CHAPTER 1
Institution
FIN 202 CHAPTER 1
FIN 202 CHAPTER 1 QUESTIONS AND
ANSWERS | LATEST UPDATE |
2024/2025 | ALREADY PASSED
26. Annual reports are prepared by a firm's management to
A) communicate to shareholders the firm's failures in the previous year.
B) provide overview of the firm's financial and operating performance.
C) h...
FIN 202 CHAPTER 1 QUESTI ONS AND ANSWERS | LATEST UPDATE | 2024/2025 | ALREADY PASSED 26. Annual reports are prepared by a firm's management to A) communicate to shareholders the firm's failures in the previous year. B) provide overview of the firm's financial and operating performance. C) highlight the performance of its chief competitors. D) provide a forecast of the economy in the coming years. ✔✔B 29. Which of the following are stakeholders? A) a shareholder B) a lender C) the IRS (Interal revenue service) D) all of the above ✔✔D 30. A trademark (name or design belonging to a particular company) is an example of A) a productive asset. B) an intangible asset. C) a nebulous asset. D) none of the above. ✔✔B 31. Which of the following is a basic source of funds for the firm? A) Debt B) Equity C) asset liquidations D) a and b above ✔✔D 32. The cash remaining after the firm has met its operating expenses, payments to creditors, and taxes is called A) earnings per share. B) capital contributed in excess of par. C) residual cash. D) assets. ✔✔C 28. If you have loaned capital to a firm, then you could be A) a shareholder. B) a stakeholder. C) a partner. D) all of the above. ✔✔B . A stakeholder is A) anyone geographically close to the firm's headuaters. B) anyone with a claim on the cash flows of the firm. C) any government agency. D) all of the above. ✔✔B 33. Cash dividends are paid out of A) residual cash. B) liquidated assets. C) long -term debt. D) all of the above. ✔✔A 34. Current liabilities are liabilities that A) will be converted to cash within a year.
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