Financial Statements Assessment
Graded Quiz • 30 min Quiz20 Questions Week 2
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Financial Statements Assessment

Graded Quiz • 30 min Quiz20 Questions Week 2
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Q:

Where are Short-term Investments found on the Balance Sheet?

Q:

Long-term Debt Securities issued by the company are called:

Q:

Which section of the Statement of Cash Flow would you look to find cash flows related to inventory?

Q:

The following are aspects of the income statement except:

Q:

The Net Income on the Cash Flow Statement should match the bottom line on the _________, and the Cash at end of the period should match Cash on the _________.

Q:

True or False: Horizontal Analysis Results can be listed as percentages and dollar amounts as long as one or the other is consistently used.

Q:

A line item on the Statement of Cash Flows shows a loan amount of -$4,000. What does this mean?

Q:

Land improvements would be found on which of the following documents?

Q:

True or False: In vertical analysis, you compare each line item in the financial statement to a percentage of the base amount.

Q:

The Principal Balance of any long-term debt due within a year would go under which account on the Balance Sheet?

Q:

True or False: Horizontal analysis results can be listed as either percentages or dollar amounts.

Q:

Where would you locate Deferred Revenues on the Balance Sheet?

Q:

True or False: In vertical analysis, the Gross Sales or Revenue is the base amount on a P&L statement.

Q:

Sales Tax and Payroll Tax are both considered _______________ and found on the ______________.

Q:

True or False: Deferred Revenue is considered a Cash Inflow.

Q:

True or False: On the Statement of Cash Flows, the cash at the end of the period is calculated by adding the net cash increase for that period to the cash at the beginning of the period.

Q:

Which of the following is the bottom line on the P&L statement?

Q:

Which section of the Statement of Cash Flows would you look to find cash flows related to Notes Payable?

Q:

True or False: On the Statement of Cash Flows, the Cash at the beginning of the period matches the Net Profit on the P&L for that same period.

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