Accounting/Finance Review

Which of the following is not an example of a short term financing need?

Cash transactions associated with running the business are?

Which of the following is not a Profitability Ratio?

Which country uses GAAP?

CPI measures?

Who uses financial accounting information?

Revenues-Expenses-Cost of Goods Sold = ????

A purchase of land would fall under which Cash Flow Activity?

The Fed influences the economy through all of the following except?

Secondary markets are made up of all of the following except?

T/F: The Balance Sheet represents a point in time (a single date)?

The FDIC insures depositors up to $_________ per institution?

T/F: Higher financial leverage decreases risk for lenders and owners?

T/F: Debt=Loan and Equity (Capital)=Ownership?

Debits = ????? and Credits = ?????

The ability to convert assets into cash quickly is called?

Which of the following is not found on the Balance Sheet?

T/F: Cash raised from the issuance of stock would be considered an investing activity?

Which is not a characteristic of money?

T/F: The Income Statement represents a point in time (a single date)?

Capital Budgeting is focused on the?

Which monetary policy can the Fed implement to slow the economy down?

Recording expenses with the revenues they generated follow which accounting principle?

Which accounting system provides a more accurate picture of a company's profitability?

Which of the following is a Liquidity Ratio?

T/F: Assets are obligations we owe to others?

The statement of financial position includes which of the following?

Assets are 10000, Liabilities are 2500 and Expenses are 5000. What is the owner's equity?

Accrual accounting rules state we record revenue and expenses as they are?

Which will not be found on the income statement?