6

docx

School

Université Bordeaux 1 *

*We aren’t endorsed by this school

Course

5000

Subject

Accounting

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by MasterScorpion2368

Report
6. Which accounting principle is fundamental to the preparation of financial statements and is based on the idea that a business will remain in operation for the foreseeable future? a. Matching Principle b. Going Concern Principle c. Revenue Recognition Principle d. Consistency Principle 7. What is the formula for calculating earnings per share (EPS)? a. Net Income / Average Total Assets b. Net Income / Average Shareholders' Equity c. Net Income / Weighted Average Number of Common Shares Outstanding d. Gross Profit / Total Revenue 8. Which financial statement shows how changes in balance sheet accounts and income affect cash and cash equivalents? a. Income Statement b. Cash Flow Statement c. Balance Sheet d. Statement of Stockholders' Equity 9. What does the term "Goodwill" represent on a balance sheet? a. Physical assets like machinery and equipment b. Intangible assets such as brand reputation c. Cash and cash equivalents d. Liabilities 10. The "Aging of Accounts Receivable" is typically found in which section of the 10-K? a. MD&A b. Income Statement c. Balance Sheet d. Notes to Financial Statements
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help