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Test Bank for Financial Accounting for MBA s 8thEdition by Easton $19.99
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Exam (elaborations)

Test Bank for Financial Accounting for MBA s 8thEdition by Easton

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  • Course
  • Financial Accounting for MBA s8th
  • Institution
  • Financial Accounting For MBA S8th

Test Bank for Financial Accounting for MBA s 8thEdition by Easton

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  • December 6, 2024
  • 204
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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  • Edition:
  • Financial Accounting for MBA s8th
  • Financial Accounting for MBA s8th
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Test Bank for Financi
b b b




alAccountingfor MBA
b b b




s 8th Editionby Easto
b b b b




n

, Module 1 b




Financial Accounting for MBAs
b b b




Learning Objectives – Coverage by question
b b b b b


True/False MultiplebChoice


LO1b–
bExplainbandbassessbthebfourbmainbbusinessb
activities.



LO2b–
1-b4 1,b2
bIdentifybandbdiscussbthebusersbandbsuppliersbofb
financi
albstatementbinformation.

LO3b–
5-10 3-19
bDescribebandbexaminebthebfourbfinancialbstatements,b

andbdefinebthebaccountingbequation.

LO4b–
11-13 20-25
bExplainbandbapplybthebbasicsbofbprofitabilityb
analysis.



LO5b–
14 26,b27
bAssessbbusinessboperationsbwithinbthebcontextb
ofbabco
mpetitivebenvironment.

LO6b–
bAccessbreportsbfiledbwithbthebSECb(Appendixb
1A).


LO7b–
bDescribebthebaccounting bprinciplesbandbregulationsbth 15 28-30
atbframebfinancialbstatementsb(Appendixb1B).


ThesebquestionsbarebavailablebtobassignbinbmyBusinessCourse.

,Module 1: Financial Accounting for MBAs
b b b b b




True/False


Topic:bUsersbofbFinancialbStatementbInformationbL
O:b2
1. Shareholdersb demandb financialb informationb primarilyb tob assessb profitabilityb andb riskb whereasb bankersb
demandbinformationbprimarilybtobassessbcashbflowsbtobrepaybloanbinterestbandbprincipal.

Answer:bTrue
Rationale:bWhilebbothbshareholdersbandbbankersbarebinterestedbinballbthebinformationbcompaniesbprovi
de,bshareholdersbcarebaboutbmorebaboutbabcompany’sbprofitabilitybandbbankersbcarebmorebaboutbsolve
ncybandbcreditworthiness.


Topic:bPubliclybAvailablebFinancialbReport
sbLO:b2
2. Publiclybtradedbcompaniesbarebrequiredbtobprovidebquarterlybfinancialbreportsbdirectlybtobthebpublic.

Answer:bFalse
Rationale:b Companiesb provideb electronicb versionsb ofb quarterlyb financialb statementsb tob theb SEC,b whichb
postsbthembtobthebInternetbforbthebpublicbtobaccessbthem.


Topic:bUsersbofbFinancialbStatementbInformationbL
O:b2
3. PubliclybtradedbcompaniesbprovidebfinancialbinformationbprimarilybtobsatisfybthebSECbandbthebtaxbauthorities
b(thatbis,bthebInternalbRevenuebService).



Answer:bFalse
Rationale:bDemandbforbinformationbextendsbtobmanybusers;bthebregulatorsbsuchbasbthebSECb andbthebIRSb
arebonlybonebclassbofbusers.


Topic:bSECbFilingsb
LO:b2
4. PubliclybtradedbcompaniesbmustbprovidebtobthebSecuritiesbExchangebCommissionbannualbauditedbfinancialb
statementsb(10-Kbreports)bandbquarterlybauditedbfinancialbstatementsb(10-Qbreports).

Answer:bFalse
Rationale:bQuarterlybreportsbdobnotbneedbtobbebaudited.


Topic:bBalancebSheetb
LO:b3
5. Ifbabcompanybreportsbretainedbearningsbofb$175.3bmillionbonbitsbbalancebsheet,bitbmustbalsobreportb$175.3
bmillionbinbcash.



Answer:bFalse

, Rationale:b Theb accountingb equationb requiresb totalb assetsb tob equalb totalb liabilitiesb plusb stockholders’be
quity.bThatbdoesbnotbimply,bhowever,bthatbliabilitybandbequitybaccountsbrelatebdirectlybtobspecificbassets.

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