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48 Cards in this Set
- Front
- Back
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You are interested in reviewing the information corporations file with the SEC. Which one of the following is the archive of these filings?
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EDGAR
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How frequently do corporations file 10K reports with the SEC?
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Annually
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Better Products just filed its quarterly report with the SEC. This report is referred to as which one of the following?
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10Q
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Regulation FD requires companies to do which one of the following when disclosing material non-public information?
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Disclose the info without preference to any party/parties
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Material nonpublic information is defined as any information that could reasonably be expected to do which one of the following?
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affect the price of the firm's securities
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Which one of the following provides information on a firm's assets and liabilities as of a particular date?
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Balance sheet
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Which one of the following is an accounting statement that provides information on a firm's revenues and expenses?
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Income Statement
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Which one of the following is an analysis of a firm's sources and uses of cash over a period of time?
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Cash flow statement
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Which one of the following is defined as anything a firm owns that has value?
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asset
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Which one of the following is an ownership interest in a firm?
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equity
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Which one of the following is used to pay dividends or kept as retained earnings by a firm?
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net income
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Which one of the following is income realized in cash form?
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cash flow
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Income and expense items NOT realized in cash form are called which one of the following?
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noncash items
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the definition of operating cash flow?
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cash generated by a firm's normal business activities
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the definition of investment cash flow?
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cash flow from the purchases and sales of fixed assets and investments
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Which one of the following is the cash flow resulting from the payment of dividends and the issuance or repurchase of equity securities?
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financing cash flow
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Which one of the following is equal to net income expressed as a percentage of total assets?
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return on assets
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Return on equity is equal to which one of the following?
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net income divided by total equity
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Pro forma financial statements are statements based on which one of the following?
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projected future income, cash flows, and other non-cash items
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Which one of the following is a financial planning method wherein some account values vary in relation to expected sales?
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Percentage of sales approach
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Which one of the following ratios tells you the amount of assets a firm needs to generate $1 in sales?
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capital intensity ratio
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Which of the following reports are always included in a 10K filing with the SEC?
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- Statement of cash flows
- balance sheet - income statement |
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Which one of the following means of communication do most firms use for announcements in order to comply with Regulation FD?
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email alerts
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Which of the following are current assets?
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- inventory
- cash |
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Stephen's Auto recently purchased Auto Express for $9.8 million. Auto Express had a market value of $9.5 million at the time of acquisition. The additional $0.3 million that Stephen's Auto paid for Auto Express will be treated on Stephen's Auto's balance sheet as which type of account?
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goodwill
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Sugar Tree Cookies has current net income of $268,000 of which $110,000 was paid out in dividends. The remaining $158,000 will be shown in which account on the firm's financial statements for next year?
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retained earnings
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Which of the following are classified as equity accounts on a balance sheet?
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- paid in capital
- retained earnings |
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Sales minus cost of goods sold are equal to which one of the following?
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gross profit
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The costs of materials used in the production of a product are recorded in which one of the following accounts?
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cost of goods sold
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Which one of the following is NOT included in operating income?
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interest expense
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Net income is equal to which one of the following?
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Dividends plus the change in retained earnings
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Which one of the following statements is correct?
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Operating expenses are indirect costs.
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Which one of the following is the primary difference between operating cash flow and net income?
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depreciation
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Which one of the following will increase the investment cash flow?
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sale of a building (any purchases or sales of fixed assets and investments)
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Which one of the following is NOT a financing cash flow according to standard accounting practice?
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interest payments
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The summation of the operating, investment, and financing cash flows for a stated period of time must equal which one of the following for the same time period?
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Change in the cash balance
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A decrease in which one of the following will increase the gross margin?
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A decrease in which one of the following will increase the gross margin?
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A decrease in which one of the following will increase the gross margin?
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variable costs
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Which one of the following is generally used as the basis for computing the cash flow per share?
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operating cash flow
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A decrease in which one of the following will increase the return on assets?
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inventory
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Which one of the following will increase the return on equity?
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decrease in fixed costs
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Which of the following affect the earnings per share?
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I. decrease in interest expense
II. share repurchase III. increase in tax rates IV. preferred stock dividend |
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Which one of the following statements related to book value per share (BVPS) is correct?
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The issuance of new shares at market value may increase the BVPS.
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Which one of the following accounts is least likely to vary directly with the level of sales?
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interest expense
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Which one of the following is most apt to be constant given the percentage of sales approach to creating pro forma statements?
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gross margin
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Which one of the following is most apt to vary directly with sales?
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current assets
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Which two of the following are generally used to fund the external financing need?
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- issuance of long term debt
- sale of equity securities |
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The management of the Uptown Bikes recently voted to limit any future borrowing or sales of company stock. By taking this action, management has effectively done which one of the following?
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limited future growth
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