Adventis - Study guides, Class notes & Summaries

what is the purpose of the income statement? What does it indicate? Correct Answer to show stakeholders if the firm made or lost money during the period being reported it indicates how revenues are transformed into net income define: Revenue Correct Answer the amount charged for the delivery of goods and services define: COGS Correct Answer direct costs of producing revenue define: Operating Expense Correct Answer all other expenses required to run the business what doe...

Adventis (FMC) Level 2 Exam Review (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct Q: a company sold for $100M and the company being bought had $15M of debt and $2M of cash, what happens and what is the transaction value and purchase price Answer: - the $2M would be used by shareholders of the acquired company to pay down existing $15M in debt to make $13M in debt now (15 - 2 = 13) - the proceeds from the deal would then be used to pay down the remaining debt (E...

Adventis FMC Level 1 UPDATED Exam Questions and CORRECT Answers financial statement communicates what? - CORRECT ANSWER- - financial condition - results of operations - various other activities of an organization how board of directors use financial data... - CORRECT ANSWER- - hold management accountable - make board-level decisions about corporate strategy

Adventis Financial Modeling Certification (FMC) Level 1 Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following balance sheet items are included in working capital? A) Debt B) Accounts receivable C) Equity D) Cash E) Long-term liabilities Answer: B Q: Which of the following balance sheet items are not included in working capital? A) Accounts payable B) Accrued liabilities C) Accounts receivable D) Short-term debt ...

Adventis FMC Level 1 Exam Guide (100 out of 100) Questions and Answers (New Update)

Multiple Choice section of Adventis Certification level 1 Rated A+ What are the three financial statements, and what do they do income statement, balance sheet, cf statement they communicate the finanical conditions, results of operations, and other activties of an organization. The three finanical statements provide info to various stakeholders. How does the board of directors use finanical statements? to hold mgmt acountable, make board-level decisions about corporate strategy company mgmt--...

Adventis FMC Level 1 Exam 2024 Actual Questions and Answers with complete solution

Adventis UPDATED Actual Exam Questions and CORRECT Answers Financial Statements - CORRECT ANSWER- income statement + balance sheet + cash flow statement. communicate the financial condition. Income Statement - CORRECT ANSWER- presents the results of operations over a period of time. shows stakeholders whether the compay made or lost money.

Multiple Choice section of Adventis Certification level 1 UPDATED Actual Exam Questions and CORRECT Answers What are the three financial statements, and what do they do - CORRECT ANSWER- income statement, balance sheet, cf statement they communicate the finanical conditions, results of operations, and other activties of an organization. The three finanical statements provide info to various stakeholders. How does the board of directors use finanical statements? - CORRECT ANSWER- to h...

Multiple Choice section of Adventis Certification level 1 Actual Questions and Answers with complete solution