
Corporate Accounting
Quiz by Swetha Priya
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7 questions
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- Q1What is the purpose of the income statement?To disclose a company's assets and liabilitiesTo calculate a company's dividend yieldTo report a company's financial performance over a specific periodTo determine the fair value of a company's stock30s
- Q2What are fixed assets?Intangible assets like patents and trademarksLong-term tangible assets used in business operationsCurrent liabilities of a companyShort-term financial investments30s
- Q3What is the purpose of the statement of cash flows?To determine a company's market shareTo provide information about a company's cash inflows and outflowsTo estimate a company's future salesTo calculate a company's net income30s
- Q4What is the purpose of the balance sheet?To project a company's future revenueTo evaluate a company's return on investmentTo present a snapshot of a company's financial position at a specific point in timeTo determine a company's market share30s
- Q5What is the purpose of the statement of retained earnings?To report a company's inventory turnoverTo track changes in a company's retained earnings over a specific periodTo disclose a company's long-term debtTo calculate a company's net income30s
- Q6What is the purpose of the statement of changes in equity?To summarize the changes in a company's equity during a specific periodTo determine a company's cost of goods soldTo report a company's cash flow from operating activitiesTo calculate a company's net profit margin30s
- Q7What is the purpose of the accounts receivable aging report?To track the outstanding customer payments and their due datesTo determine a company's return on assetsTo report a company's cash inflows from financing activitiesTo calculate the depreciation expense for fixed assets30s