Financial Accounting > QUESTIONS & ANSWERS > C214|Western Governors University|Multiple Attempt Study Guide|with answers (All)
C214|Western Governors University|Multiple Attempt Study Guide|with answers
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What standards are used to help US investors understand and compare foreign financial statements to domestic financial statements? Correct Answer: International Financial Reporting Standards When a ... company is optimizing its resources and maintaining or improving productivity, they are engaging in what hypothesis Correct Answer: Efficient Market Hypothesis What is the basic type of negotiable debt? Correct Answer: Bonds What is the characteristic of a stock sold in the secondary markets? Correct Answer: Stocks sold in the secondary markets are traded after the initial offering. If a company is engaged in lobbying for tariffs and trade restrictions, if they are successful, what are the two principal impacts? Correct Answer: Protection for the lobbyist and higher prices for the consumer pre reduced competition. Describe what an income statement is in one sentence? Correct Answer: It covers a period of time and starts with sales, takes out expenses, and ends with net income. What is the difference between taxable income and accounting income? Correct Answer: Accounting income is reported as net income on the income statement whereas Taxable income is used to determine the amount of tax a firm must pay. Net Income 15,000 Depreciation Exp 2,000 Change in Operating Assets 1,200 Change in PP&E 2,000 Change in long-term liab. 1,200 Dividends paid 1,500 What is the Cash Flow from Financing? Correct Answer: CFF= Incr Stock + Incr Debt -Dividends Paid = 1200-1500 = -300 Net Income 121,000 [Show More]
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C214|Western Governors University|Pre-Assement Questions And Answers Rated A|Question and Answers|Checklist|Financial Managment|Question and Answers |Graded A|Accounting for Decision Makers|With Complete Solutions
How can a private firm appropriately maximize shareholder value? Correct Answer: By making decisions that keep the control of the business with the owners Why are American regulators focused on int...
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