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Université Bordeaux 1 *

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5000

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Accounting

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Nov 24, 2024

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docx

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41. What is the purpose of the "comprehensive income" section in the financial statements? a) To show the company's total revenue b) To report all changes in equity during a specific period c) To list extraordinary expenses d) To disclose information about the company's competitors 42. Which financial statement provides a snapshot of a company's financial position at a specific point in time? a) Income Statement b) Statement of Cash Flows c) Balance Sheet d) Statement of Retained Earnings 43. How is the Price-to-Earnings (P/E) ratio calculated? a) Market Price per Share / Earnings Per Share (EPS) b) Earnings Before Interest and Taxes (EBIT) / Total Assets c) Dividends Per Share / Market Price per Share d) Total Liabilities / Total Equity 44. The formula for calculating the Return on Equity (ROE) is: a) Net Income / Average Total Assets b) Net Income / Shareholders' Equity c) Total Assets / Net Income d) Total Liabilities / Total Equity 45. In the context of financial statements, what does the term "amortization" refer to? a) The gradual decrease in the value of an intangible asset over time b) The process of recording revenue when it is earned c) The payment of interest on loans d) The increase in the value of an asset over time
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