36

docx

School

Université Bordeaux 1 *

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Course

5000

Subject

Finance

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by MasterScorpion2368

Report
36. Which financial statement is used to evaluate a company's ability to generate profit from its operations? a) Income Statement b) Statement of Cash Flows c) Balance Sheet d) Statement of Retained Earnings 37. What does the term "FIFO" stand for in accounting? a) First In, First Out b) Financial Information and Operations c) Fully Integrated Financial Operations d) Fair Inventory Financial Organization 38. The acid-test (quick) ratio is calculated as: a) (Current Assets - Inventory) / Current Liabilities b) Current Assets / Current Liabilities c) Total Assets / Current Liabilities d) (Total Liabilities - Total Assets) / Current Assets 39. How does a company calculate its operating cash flow in the Statement of Cash Flows? a) Net Income - Dividends b) Net Income + Depreciation + Changes in Working Capital c) Net Income / Total Assets d) Revenue - Expenses 40. What is the primary purpose of the "Statement of Changes in Equity"? a) To show changes in the market value of the company's stock b) To explain the reasons for changes in shareholders' equity over a period c) To list executive compensation details d) To disclose the company's charitable contributions
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