Exam (elaborations)
MBA 609 Umaine MBA Quiz 1 Questions And Answers Latest Update
- Course
- MBA 609
- Institution
- Southern New Hampshire University
MBA 609 Umaine MBA Quiz 1 Questions And Answers Latest Update
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Solution 2024/2025Pepper
MBA: 609 Umaine MBA Quiz 1 Questions And
Answers Latest Update
Which of the following items is a discretionary expenditure?
-Factory Building to produce inventory
-Taxes
-Union Wages
-Advertising ANS✔✔ Advertising
Which financial statement presents the results of operations?
-Income statement
-Statement of financial position
-balance sheet
-statement of cash flows ANS✔✔ Income statement
Which Basic Financial Statements can be found in a corporate annual
report? ANS✔✔ Balance sheet
Income statement
Statement of shareholder equity
statement of cash flows
The management discussion and Analysis is of potential interest to the
analyst because it contains information that cannot be found in the financial
data.
, Solution 2024/2025
Pepper
T or F ANS✔✔ True
Which of the following is false with regard to quality of financial reporting?
-The closer that the picture is presented through the financial data is to
reality the higher the quality of reporting.
-Financial statements should reflect an accurate picture of the company's
financial condition and performance .
-Financial information should be useful both to assess the past and predict
the future
-it is unlikely that management can manipulate the bottom line due to the
regulations in place to enforce GAAP. ANS✔✔ it is unlikely that management
can manipulate the bottom line due to the regulations in place to enforce
GAAP.
All of the following should be discussed in the management discussion and
analysis except for:
-The internal and external sources of liquidity
-anticipated changes in the mix and cost of financing resources
-The market value of all assets
-unusual or infrequent transactions that affect income from continuing
operations. ANS✔✔ The market value of all assets
How are revenues and expenses recognized under the accrual basis of
accounting? ANS✔✔ revenues are recognized in the accounting period
where the sale is made. Expenses are recognized in the period which they
relate to the sale of the product.
Which of the following is an internal source of liquidity?
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