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6/16/2021 Q1

Q1 Total points 11/15

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

"Shareholder wealth" in a firm is represented by: * 1/1

the number of people employed in the firm.

the market price per share of the firm's common stock.

the amount of salary paid to its employees.

the book value of the firm's assets less the book value of its liabilities.

The controller's responsibilities are primarily ________ in nature, while the 1/1
treasurer's responsibilities are primarily related to __________. *

accounting; financial management

operational; financial management

financial management; accounting

financial management; operations

What is the passcode? *

1245781

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6/16/2021 Q1

In a financial market, the price to borrow money is called the? * 1/1

Interest Rate

Credit

Deposit

Cost

The focal point of financial management in a firm is: * 1/1

the number and types of products or services provided by the firm.

the creation of value for shareholders.

the dollars profits earned by the firm.

the minimization of the amount of taxes paid by the firm.

A(n) _____________ would be an example of a principal, while a(n) 1/1


________ would be an example of an agent.

shareholder; manager

manager; owner

accountant; bondholder

shareholder; bondholder

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6/16/2021 Q1

Decrease the purchasing power of peso * 1/1

Debenture

Shares

Inflations

Bonds

Dividend decision is concerned with * 0/1

only distribution of dividend to shareholders

how much to be retained in business

how much profit earned is distributed to shareholders and how much to be retained
in the business

none of the above

The objective of wealth maximization takes into account * 1/1

Amount of returns expected

Timing of anticipated returns

Risk associated with uncertainty of returns

All of the above

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6/16/2021 Q1

The long-run objective of financial management is to: * 0/1

maximize return on investment.

maximize earnings per share.

maximize market share.

maximize the value of the firm's common stock.

A company's ___________ is (are) potentially the most effective 1/1


instrument of good corporate governance. *

common stock shareholders

board of directors

top executive officers

accountants

The decision function of financial management can be broken down into 1/1
the ________ decisions. *

capital budgeting, cash management, and credit management

financing and investment

financing and dividend

investment, financing, and asset management

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6/16/2021 Q1

A sum of money paid regularly by a company to it's shareholders out of 1/1


its Profit *

Stocks

Divided

Retained Earnings

Dividend

The market price of a share of common stock is determined by: * 1/1

individuals buying and selling the stock.

the president of the company.

the stock exchange on which the stock is listed.

the board of directors of the firm.

______________ is money supplied by investors, banks, or owners of a 0/1


business. *

Equity

Capital

Income statement

Property

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6/16/2021 Q1

Which financial decision help a businessman in opening a new branch of 0/1


its business? *

Financing decision

Investment decision

Dividend decision

None of the above

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6/17/2021 Quiz 2

Quiz 2 Total points 17/20

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

0 of 0 points

What is the passcode? *

45321

Quiz 2 (20 pts) 17 of 20 points

The financial manager places primary emphasis on cash flows, the inflow 1/1
and outflow of cash *

True

False

The financial manager must look beyond financial statements to obtain 1/1
insight into developing or existing problems since the accrual accounting
data do not fully describe the circumstance of a firm. *

True

False

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6/17/2021 Quiz 2

Ethical dilemmas frequently exist in finance * 1/1

True

False

The primary reason the annual report is important in finance is that it is 1/1
used by investors when they form expectations about the firm's future
earnings and dividends, and the riskiness of those cash flows. *

True

False

The financial manager prepares financial statements that recognizes 0/1


revenue at the point of sale and expenses when incurred. *

True

False

Correct answer

False

Feedback

This is not the role of finance manager.

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6/17/2021 Quiz 2

The primary emphasis of the financial manager is the use of * 1/1

accrued earnings

cash flow

organization charts

profit incentives

The conflict between owners, employees, suppliers, and customers of a 1/1


company is known as ___. *

regulatory risk

conflict of multiple environments

conflict of interests

none of the above

An issue or conflict that arises due to potential divergence of interest 1/1


between managers and shareholders is best described as a(n): *

agency problem

business problem

personal interest probelm

self-interest probelms

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6/17/2021 Quiz 2

When we talk about the capital structure, this refers to: * 1/1

the cash, inventory, adn accounst recievable

mix of debt and equity to finance an enterprise

the investement in plant, property, and equipment

the budgeting

Other:

__________ in an organization are the individuals and groups who depend 1/1
on the firm in order to achieve their personal goals and on whom the firm
depends on their existence. *

Stockholders

Stakeholders

Board of Directors

Consumers

who is usually credited with contemporary stakeholder theory? * 1/1

Milton Friedman

Edward Freeman

Adam Smith

Milton Freeman

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6/17/2021 Quiz 2

Which theory states that the shareholders can assure themselves that 1/1
managers will make optimal decisions only if appropriate incentives are
given and only if the managers are monitored? *

Agency theory

Stakeholder theory

Corporate governance theory

Legitimacy theory

Over time, corporate governance codes started being impacted by: * 1/1

Agency theory

Institutional theory

Stakeholder theory

Enlightened shareholder theory

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6/17/2021 Quiz 2

Friedman argues that the corporate executive should avoid: * 0/1

Spending someone else's money for a social interest

Spending his or her own money for a social interest

Having social interests outside of business

Using money earned from business to fund social causes

Having opinions about social justice issues

Correct answer

Spending someone else's money for a social interest

Which of the following would most likely not be a financing decision? * 0/1

The Coca Cola company buys Pepsi

Pfizer buys back P30,000,000 in common stock

Converge does a public offering of its stock

McDonald's issues P50,000,000 in corporate bonds

Correct answer

The Coca Cola company buys Pepsi

Feedback

Coca Cola's action would be an investment decision.

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6/17/2021 Quiz 2

Corporate governance is often narrowly defined as the prudent exercise 1/1


of ownership rights toward the goal of increased ___. *

shareholder value

profit

profit margin on sales

asset turnover

sales volume

Reasons for management to focus on stockholder wealth maximization 1/1


include ___.

stockholders are the owners of the company

stockholders provide the risk capital that protects the welfare of other constituents

a high stock price provides the best defense against a hostile takeover

enhanced shareholder value makes it easier for the company to attract additional
equity capital

all of the above

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6/17/2021 Quiz 2

The __________ has/ have the ultimate responsibility in guiding corporate 1/1
affairs and carrying out policies. *

board of directors

chief executive officer

stockholders

creditors

The responsibility for managing day-to-day operations and carrying out 1/1
corporate policies belongs to the ________. *

board of directors

chief executive officer

stockholders

creditors

Agency theory refers to: * 1/1

providing value to all the company's stakeholders;

the directors acting to ensure the best interest of the shareholders are being met;

corporations providing value by combining the key factors of production in a manner


than markets cannot;

the directors existing to provide companies with the access to resources that they
could not gain through market or management links.

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6/17/2021 Quiz 2

Option 1

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6/21/2021 Quiz 3

Quiz 3 Total points 21/25

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

0 of 0 points

What is the passcode? *

92863549

Quiz 3 21 of 25 points

Risk-return trade off implies_____________. * 1/1

Increasingthe portfolio of the firm through increased production.

Not taking any loans which increases the risk.

Not granting credit to risky customers.

Taking decision in such a way which optimizes the balance between risk and
return.A

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6/21/2021 Quiz 3

Which of the following is not normally a responsibility of the treasurer of 0/1


the modern corporation but rather the controller? *

Budegt and forecasts

Asset management

Investement management

Financial management

Correct answer

Budegt and forecasts

Treasurer should report to _______________. * 1/1

Chief Financial Officer

Vice President of Operations.

Chief Executive Officer.

Board of Directors.

The __________ decision involves efficiently managing the assets on the 1/1
balance sheet on a day-to-day basis, especially current assets. *

Asset Management

Financing

Investment

Accounting

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6/21/2021 Quiz 3

All constituencies with a stake in the fortunes of the company are known 1/1
as __________. *

Stockholders

Stakeholders

Creditors

Customers

Corporate governance success includes three key groups. _____________ 1/1


represents these three groups. *

Suppliers, managers, and customers.

Board of directors, executive officers, and common shareholders.

Suppliers, employees, and customers.

Common shareholders, managers, and employees.

__________ is concerned with the acquisition, financing, and 1/1


management of assets with some overall goal in mind. *

Financial Management

Strategic Planning

Investment decisions

Profit maximization

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6/21/2021 Quiz 3

Which of the following statements about financial planning and control is 1/1
not true? *

financial planning and control must be considered simultaneously

the preparation of budgets is a planning function, but their administration is a


controlling function

budgets are used to compare actual performance with planned performance

the foreign exchange market plays a key role in MNC financial planning and control

all of the above statements are true

The role of the financial manager has expanded in recent years to include 1/1
___. *

corporate strategy

financial planning and control

subsidiary performance

multiple environments

regulatory risks

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6/21/2021 Quiz 3

Which is NOT TRUE about the needs for corporate governance? * 1/1

To avoid mismanagement

To enable companies operate more efficiently, to improve access to capital, mitigate


risk and safeguard stakeholders

To increase the accountability of your company and to avoid massive disasters


before they occur

To analyze of an organization's operations and maintenance of systems of


internal controls can help detect and prevent various forms of fraud and other
accounting irregularities.

Who runs the company operations for large companies? * 1/1

Shareholders

Board of Directors

Chief Executive Office

Chief Financial Officer

Chief Operations Officer

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6/21/2021 Quiz 3

Which is BEST definition for Corporate Governance? * 1/1

A system of law and sound approaches by which corporations are directed and
controlled focusing on the internal and external corporate structures with the
intention of monitoring the actions of management and directors and thereby
mitigating agency risks which may stem from the misdeeds of corporate officers

A part of regulatory and market mechanisms, the roles and relationships between a
company’s management, its board directors, its shareholders and other
stakeholders, and the goals for which the corporation is governed

Essentially involves balancing the interests of a company's many stakeholders, such


as shareholders, senior management executives, customers, suppliers, financiers,
the government, and the community.

Refers to the way a corporation is governed. It is the technique by which companies


are directed and managed. It means carrying the business as per the stakeholders'
desires

"A good corporate citizen is increasingly seen as one that is non- 1/1
discriminatory, non-exploitative and responsible with regard to
environmental and human rights issues." Above statement refers to the
element of corporate governance *

Accountability

Transparency

Regulatory framework

Business ethics and social responsibility

Integrity

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6/21/2021 Quiz 3

______ is a safeguard to ensure fiduciary responsibility. * 0/1

Financial reports

Audits

End-of-year financial ledgers

Management Information System

Correct answer

Audits

All of the following are characteristics of effective reward and incentive 1/1
systems, except: *

performance measures are clear and highly visible.

the structure is fixed to assure employees of consistency.

the compensation system is perceived as fair and equitable.

objectives are well understood, and broadly accepted.

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6/21/2021 Quiz 3

Which of the following is NOT a function of financial management: * 1/1

Deciding the best sources of finance.

Spending money on capital expansion

Preparation of Tax Returns

Evaluating how much dividends to pay shareholders.

The management of working capital.

It is concerned with the allocation, procurement and efficient 0/1


management of business capital so that a firm can maximize profit,
increase its value and fulfill its social role. *

Business finance

Allocation of resources

Financing

Cash inflow

Correct answer

Business finance

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6/21/2021 Quiz 3

The procurement of funds at the most favorable terms at ___________ to 1/1


the business. *

normal cost

least cost

operating cost

indirect cost

The finance manager is the overall administrator of the firms _________. * 1/1

Assets

Resources

Funds

Money

It provide working capital which finances day-to-day operations * 0/1

Short-term funds

Long-term funds

Operating capital

initial capital

Correct answer

Short-term funds

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6/21/2021 Quiz 3

A co-worker, Stacy, also runs a small business in her home. Several times 1/1
a month she collects paper clips, post-it-notes, and other office supplies
from the office to take to her home business. What action that Stacy
could take represents an ethical decision?

Stop taking the office supplies home for any reason

Stop taking the office supplies home except once a month

Take the office supplies home only if there are plenty of supplies at work

Take the supplies home as long as they are in open packages

Rules based on moral principles about how businesses and employees 1/1
ought to conduct themselves. *

Guidelines

Employee Handbook

Laws

Business Ethics

A conflict between self-interest and a professional obligation. * 1/1

Obligation

Conflict of Interest

Problem Solving

Rule Enforcement

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6/21/2021 Quiz 3

Which is NOT a step in the ethical decision making process? * 1/1

Identify the ethical problem

Decide who will be affected

Select the best alternative

Choose the worst alternative

A formal examination of a company's financial records for accuracy and 1/1


compliance with regulations. *

accounting

audit

budget

income statement

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6/25/2021 Quiz 4

Quiz 4 Total points 13/15

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form.

In a general partnership, * 0/1

the business continues even if one partner dies

partners must pay specific business taxes on stock they issue

partners usually draw up legal papers called articles of partnership.

partners are only liable for the business' debt up to the amount of their investment

Correct answer

partners usually draw up legal papers called articles of partnership.

An advantage of a corporation is that * 1/1

owners pay fewer taxes than owners of other forms of business.

the business is subject to little government regulation.

owners have limited liability for debt.

owners have direct and immediate control over daily management of the business.

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6/25/2021 Quiz 4

Which of the following is an advantage of a sole proprietorship * 1/1

easy to start up

Decisions do not require the approval of a co-owner, boss, or other "higher-up

the owner can keep the profits of successful management without having to share
them with other owners.

All the other options

Which of the following is an advantage of a partnership? * 1/1

they are hard to start

management is hard between two or more people

partnerships can usually attract financial capital more easily than


proprietorships.

They are inefficient.

Disadvantages for this type of business include: owner pays for 1/1
everything, hard to get money to start from the bank, owner might lack
skills & unlimited liability. *

Partnership

Sole Proprietorship

Corporation

Franchise

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6/25/2021 Quiz 4

The disadvantages of this business organization include unlimited 1/1


liability, difficulty raising financial capital, difficulty attracting qualified
employees, and having a limited life

Sole Propriotorship

Franchise

Partnership

Corporation

What is a major advantage of a business that is a partnership rather than 1/1


a sole proprietorship? *

The responsibility for the business is shared

The business is easy to set up

The partners are not responsible for business debts

The business is easy to sell

Which of the following is an advantage of the corporation as a form of 1/1


business ownership: *

Less complex requirements

Separate owners and managers

Limited liability

High Taxes

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6/25/2021 Quiz 4

Most expensive to start * 1/1

Sole Proprietorship

Partnership

Franchise

Corporation

Which of the following might upset the board of directors in a 1/1


corporation? *

If the company's stocks are bought on an exchange

if the company's stocks are sold on an exchange

if the company's stocks increase in value

if the company's stocks lose value

Bob and Tom own a restaurant together. They share equal responsibility 1/1
and each receive 50% of the profits. What kind of business organization
is this? *

Sole Proprietorship

Cooperative

Limited Liability Corporation

General Partnership

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6/25/2021 Quiz 4

The board of directors of a corporation is responsible for * 0/1

running the company's day-to-day operations

hiring officers / executives to run the business

determining the price of the company's shares

paying dividends to shareholders

Correct answer

hiring officers / executives to run the business

Dan has P5,000,000. He wants to invest his money in the type of 1/1
business that has the least amount of liability. In which type of business
should he invest? *

corporation

partnership

proprietorship

all of the above

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6/25/2021 Quiz 4

How is a corporation different from a sole proprietorship? * 1/1

Corporations are owned by only one person

Corporations can sell stock to raise money for the business.

Sole proprietorships have limited liability for the owners.

Sole proprietorships require a legal charter to start the business.

Why would a company need to issue stock? * 1/1

To increase its' customer base.

To raise money.

To stop the government from regulating it.

To show customers that it's successful.

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6/25/2021 Quiz 5

Quiz 5 Total points 18/20

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

Which of the following is not a basic financial statement? * 1/1

Statement of Financial Position

Statement of Financial Performance

Statement of Operating Activities

Statement of Cash Flows

The three major activities found in the Cash Flow Statement are the 1/1
following, except *

Operating

Capitalizing

Investing

Financing

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6/25/2021 Quiz 5

What information would not be found in a firm’s annual report? * 1/1

Notes to the financial statements.

Financial Reporting Rulings.

Auditor’s report.

High and low stock prices

Which financial statement presents the results of operations? * 1/1

Balance sheet.

Statement of financial position.

Income statement.

Statement of cash flows.

Which financial statement shows the assets, liabilities and stockholders’ 1/1
equity of the firm on a particular date? *

Statement of stockholders’ equity.

Statement of cash flows.

Earnings statement.

Balance sheet.

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6/25/2021 Quiz 5

Which financial statement provides information about operating, 1/1


financing and investing activities? *

Statement of financial position.

Statement of cash flows.

Statement of stockholders’ equity.

Income statement

What information can be found on a statement of stockholders’ equity? * 1/1

A reconciliation of the cash account and the retained earnings account.

A reconciliation of the beginning and ending balances of all accounts that


appears in the stockholders’ equity section of the balance sheet.

A reconciliation of the operating, investing and financing activities of a firm

A reconciliation of net profit or loss and the cash account.

What basic financial statements can be found in a corporate annual 1/1


report? *

Balance sheet, income statement, statement of shareholders' equity, and


statement of cash flows.

Balance sheet, auditor's report and income statement.

Earnings statement and statement of retained earning

Statement of cash flows and five-year summary of key financial data

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6/25/2021 Quiz 5

Which of the following is an internal source of liquidity? * 1/1

Borrowing.

Sales of stock.

Gifts and donations.

Sales of products or services.

Which of the following is an external source of liquidity? * 1/1

Sales of services.

Repurchase of stock.

Borrowing.

Sales of products.

Which of the following is not a condition that must be met for an item to 1/1
be recorded as revenue? *

Revenues must be earned.

The amount of the revenue must be measurable.

The revenue must be received in cash.

The costs of generating the revenue can be determined

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6/25/2021 Quiz 5

How are revenues and expenses recognized under the accrual basis of 1/1
accounting? *

Revenues are recognized when cash is received and expenses are recognized when
cash is paid.

Revenues and expenses are recognized equally over a twelve month period.

Revenues and expenses are recognized based on the choices of management

Revenues are recognized in the accounting period when the sale is made and
expenses are recognized in the period in which they relate to the sale of the
product

Working Capital is * 1/1

The group of assets needed by the entity to operate profitably.

Capital which has been reinvested in business

Unappropriated retained earnings

Current assets less current liabilities

The statement of financial position is useful for al; of the following, 1/1
EXCEPT *

To compute for rate of return

To analyze cash inflows and outflows for the period

To evaluate capital structure

To assess future cash flows

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6/25/2021 Quiz 5

The statement of financial position is useful for analyzing all of the 1/1
following, EXCEPT *

Liquidity

Solvency

Profitability

Financial flexibility or need for additional financing

Which of the following is the best description of "faithful representation" 1/1


in relation to information in financial statements? *

Influence on the economic decision of users

Inclusion of a degree of caution

Freedom from material error

Comprehensibility to users.

The usefulness of providing information in financial statements is subject 1/1


to the constraint of *

Consistency

Cost-benefit

Reliabilty

Representational faithfulness

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6/25/2021 Quiz 5

One of the constraints to relevance of information that describes that 0/1


the older the information, the less useful. *

Relevance

Reliability

Timeliness

Cost-benefit

Correct answer

Timeliness

Conceptually, net income is a measure of * 0/1

Wealth

Change of wealth

Capital maintenance

Cash flow

Correct answer

Change of wealth

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6/25/2021 Quiz 5

An objective of financial reporting is "assessing cash flow prospects" 1/1


which is interpreted to mean *

Cash basis accounting is preferred over accrual basis of accounting

Information about the financial effects of cash receipts and cash payments is
generally considered the best indicator of ability to generate favarobale cash flows.

Over the long-run, trends in revenue and expeneses are generally more
meaningful than trends in cash receipts and cash disbursements

All of the choices are correct regarding " assessing of cash flow prospects.'

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 Forms

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6/23/2021 SW 2 - ACCA110

SW 2 - ACCA110 Total points 0/0

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

Arrange the following income statement items so they are in the proper order of
an income statement.

Answer: *

Sales

Cost of goods sold

Gross profit

Selling and administrative expense

Depreciation expense

Operating profit

Interest expense

Earnings before taxes

Taxes

Earnings after taxes

Preferred stock dividends

Earnings available to common stockholders

Shares outstanding

Earnings per share

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6/26/2021 SW 3 - ACCA110

SW 3 - ACCA110 Total points 10/10

Indicate whether each of the following items "INCREASES" or "DECREASES" Cash Flow

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

1) Increase in Accounts Receivable * 1/1

DECREASES

2) Increase in Notes Payable * 1/1

INCREASES

3) Depreciation Expense * 1/1

INCREASES

4) Increase in Investments * 1/1

DECREASES

5) Decrease in Accounts Payable * 1/1

DECREASES

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6/26/2021 SW 3 - ACCA110

6) Decrease in Prepaid Expenses * 1/1

INCREASES

7) Increase in Inventory * 1/1

DECREASES

8) Dividend payment * 1/1

DECREASES

9) Increase in accrued expenses * 1/1

INCREASES

10) Increase in Loan Payable * 1/1

INCREASES

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6/26/2021 SW 4 - ACCA110

SW 4 - ACCA110 Total points 30/34

For each item, FIRST check the box to which statement the account belongs to: IS - Income
Statement or BS - Balance Sheet. THEN, If it is under Balance sheet, categorize further
whether it belongs to the following items by checking the appropriate box:

CA - Current Assets

FA - Fixed Assets

CL - Current Liabilities

LL - Long-term Liabilities

SHE - Shareholders Equity

Therefore, there will be items with ONE answer only, and items with TWO answers.

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

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6/26/2021 SW 4 - ACCA110

IS BS CA FA CL LL SHE Score

Retained
2/2
Earnings

Income tax
0/0
expense

Accounts
2/2
Receivable

Common
2/2
Stock

Capital in
excess of par 2/2
value

Bonds
2/2
payable

Notes payable 2/2

Net income 1/1

Selling and
administrative 2/2
expense

Inventories 2/2

Accrued
2/2
expenses

Cash 2/2

Plant and
0/2
equipment

Sales 1/1

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6/26/2021 SW 4 - ACCA110

Operating 1/1
expenses

Marketable
2/2
securities

Accounts
2/2
payable

Interest
1/1
expense

Income tax
0/2
payable

Unearned
2/2
Revenue

Correct answers

IS BS CA FA CL LL SHE

Plant and
equipment

Income tax
payable

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 Forms

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6/23/2021 SW (12 PTS)

SW (12 PTS) Total points 12/12

Classify the following statement accounts as CURRENT or NONCURRENT. Kindly indicate on


the space provided. (All items have answers)

The respondent's email (arubios@gbox.adnu.edu.ph) was recorded on submission of this


form.

Retained Earnings * 1/1

NONCURRENT

Accounts Payable * 1/1

CURRENT

Prepaid Expenses 1/1

CURRENT

Plant and Equipment * 1/1

NONCURRENT

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6/23/2021 SW (12 PTS)

Inventory * 1/1

CURRENT

Common Stock * 1/1

NONCURRENT

Bonds Payable * 1/1

NONCURRENT

Accrued Wages Payable * 1/1

CURRENT

Accounts Receicable * 1/1

CURRENT

Capital excess of par * 1/1

NONCURRENT

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6/23/2021 SW (12 PTS)

Preferred Stock * 1/1

NONCURRENT

Marketable Securities 1/1

CURRENT

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