FINANCIAL STATEMENT ANALYSIS ACCT 7815 MID-TERM EXAM SPRING 2015 NAME: STUDENT ID: THERE ARE 30 MULTIPLE CHOICES QUESTIONS WITH EACH QUESTION WORTH 3 POINTS (TOTAL POINTS: 90) 1. Which of the following ratios is not generally considered to be helpful in assessing short-term liquidity? A. Acid-test ratio B. Current ratio C. Days’ to collect receivables D. Total asset turnover 2. Which of the following statements is incorrect? A. Current assets are expected to be converted
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CONCEPTUAL FRAMEWORK AND FINANCIAL STATEMENTS TEN-MINUTE QUIZ Circle the letter of the best response. 1. The Accounting Equation is: A. Assets + Liabilities = Owner’s Equity. B. Assets = Liabilities –Owner’s Equity. C. Assets = Liabilities + Owner’s Equity. D. Assets = Liabilities x Owner’s Equity. 2. Which item is not an asset? A. Cash B. Accounts Payable C. Accounts Receivable D. Supplies 3. Given that total liabilities decreased
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Analyzing Financial Statements July 6‚ 2009 Ellen Tobey MMPBL/503 Mr. William Mellett Introduction Financial statements are created to give the small business owner a clear understanding of how their company is performing. Accurately prepared financial statements are important to manage the business‚ borrow money and pay the correct amount of tax. The three basic financial statements are the balance sheet‚ the income statement and statement of cash flows; each tells something different
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The Influence of Auditor Independence Regulation on Earnings Quality: An Empirical Analysis of Firms Cross-Listed in the US# Roger Meuwissen Universiteit Maastricht Frank Moers Universiteit Maastricht Erik Peek Universiteit Maastricht Ann Vanstraelen Universiteit Antwerpen and Universiteit Maastricht September 2003 # Corresponding author is Ann Vanstraelen. E-mail address: a.vanstraelen@aim.unimaas.nl. Adress for correspondence: Department of Accounting and Information Management‚ Faculty of
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| Illegal Immigration: The Story Behind Amnesty | Has Amnesty Changed through the Years? | PAD 510 Dr. Mustafa Abdelwahid | Lachera S. Huntley | 3/3/2013 | Although thousands of immigrants come to the United States Illegally‚ most of them are in this country for the jobs that Americans will not do. That is why so many illegal immigrants come to the United States. However‚ everyone that breaks the Immigration Law should be punished‚ even if they are not citizens of the country. According
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to separate the irregular items in the income statement? How are extraordinary items different from some other irregular items that you occasionally see on a corporate income statement (e.g.‚ items such as restructuring costs‚ currency gain on foreign exchange transactions‚ etc.)? According to accounting standard it is necessary to present irregular items in the income statement separately. Otherwise they can make confusion to user of income statement. Extraordinary items are caused by outsiders
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Historical Events that Have Influenced The Foundations and Structure of American Legal History Even though Mr. Korematsu defied and evaded moving to a relocation camp in conjunction with the Civilian Restrictive Order No. 1‚ 8 Fed. Reg 982 he was still able to successfully prove that this order was unconstitutional and violated his rights. This order‚ Civilian Exclusion Order No. 34 of the Commanding General of the Western Command‚ U.S. Army stated “All persons of Japanese ancestry should
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responsibilities of internal auditor and external auditor in relation to: I. The design and operations of systems and controls Internal auditor | External auditor | Internal auditing activity is primarily directed at improving internal control. Internal auditors perform audits to evaluate whether the systems and processes are designed and operated effectively as well as providing recommendations for improvement. | External auditors may be called upon to determine if an organization ’s internal controls
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Proposal for paper Could Genocide have been prevented? Introduction - The meaning of Genocide‚ and the impact it has on a single person and society. - Start out with a few interesting facts about the war in Bosnia - Information on the key players that were involved in the war and genocide - Talk about how the war began/ conflict of interest and religion in area. Thesis - Specifically state to the reader if there was U.N. intervention‚ could genocide have been avoided? - What were the reasons
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Analysis of Financial Statements Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft’s financial statements can help us decide certain things about the company. There are three different types of statements that will be discussed in this section. These include: the balance sheet‚ the income statement‚ and the statement of cash flows. They are discussed here in either the sense of quarterly or yearly statements and will be noted
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