Pre-Test Fundamentals of ABM 2

Which of the following is a current asset?

If current assets are can be realized after one year of the year end date, what are assets that cannot be realized within one year?

Current assets are amounts due from customers arising from credit sales or credit services

What are the debts and obligations of the company to another entity?

This is the residual interest of the owner from the business. It can be derived by deducting liabilities from assets.

It is the decrease in resources resulting from the operations of business.

Financial statement format of statement of financial position where the assets are on the left side and liabilities and equity are on the right side.

In a single step format of Statement of comprehensive income, which of the following is not included?

What is type of business uses multiple step statement of comprehensive income?

In the composition of the Statement of Changes in equity, what do we usually add to our beginning Owner’s Equity?

In the cash flow statements, three main activities of the business we consider is as follows, which is not included?

In the four basic types of financial ratios used to measure the company’s performance, one of which is to measure company’s ability to pay off its short-term debts as they come due using the company’s current or quick assets.

These ratios show how well a company can generate profits from operations.

This method of financial statement analysis that compares historical data such as ratios, or line items over a number of accounting periods.

This method of financial statement analysis in which line item is listed as a percentage of a base figure within the statement.