Continuting questions

Continuting questions

1. 21) A stock split A) Has no effect on total stockholders’ equity B) Decreases assets and increases stockholders’ equity C) Increases assets and decrease stockholders’ equity D) Increases assets and stockholders’ equity
2. 22) The payment of dividends will be reported on the statement of cash flows as a : A) Positive amount in the investing activities section. B) Positive amount in the financing activities section. C) Negative amount in the investing activities section. D) Negative amount in the financing activities section.
3. 23)Income tax expense appears on the A) Balance sheet B) Statement of stockholders’ equity C) Tax return D) Income statement
4. 24)The gain or loss on the disposal of a business segment is shown on the income statement as: A) Other gains or losses B) Part of income from operations C) An extraordinary item D) Part of discontinued operations
5. 25)The ratio that uses weighted-average number of sharesof common stock outstanding in the denominator is the: A) Earnings per share B) Leverage ratio C) Current ratio D) Gross profit percentage
6. 26)The financial statement that reports cash receipts and cash payment classified according to the company’s operating investing and financing activities is the A) Statement of stockholders’ equity B) Income statement C) Statement of cash flows D) Balance sheet

1. 27)High liquid short-term investing that are easily convertible into cash are called: A) Trading securities B) Cash equivalents C) Accounts receivable D) Current assets
2. 28)Where would income taxes paid appear on the statement of cash flows? A) Financing activities B) Noncash activities C) Investing activities D) Operating activities
3. 29)Which of the following would be reported on a statement of cash flows as a financing activity? A) Amortization expense B) Purchase of treasury stock C) Collection of notes receivable D) Sales of equipment
4. 30)Horizontal analysis is most closely related to : A) Trend analysis B) Economic value added analysis C) Benchmarking D) Vertical analysis
5. 31)A vertical analysis is primarily concerned with A) The dollar amount of the change in various financial statement line items from year to year. B) The change in key financial statement ratios over a specified period of time C) Individual financial statement line items expressed as a percentage of a base (which represents 100%). D) Percentage changes in the balances of line items from comparative financial statements.
6. 32) In performing vertical analysis, the base for operating expenses is : A) Net income B) Operating income C) Gross profit D) Net sales

1. 33) To compute the gross profit percentage, divide: A) Operating income by net sales B) Gross profit by net sales C) Sales by cost of goods sold D) Net income by stockholders’ equity
2. 34) Skipped

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