NAMA :NITA CINDIA PAKPAHAN

NIM :212101029

QUIZ : TEMU 3 : FINANCIAL STATEMENT

MK : MANAJEMEN KEUANGAN

DOSEN : NISRUL IRAWATI

1. Which of the following would not be considered a source of financing?

A.Notes receivable

B. Common stockholderS; equity

C. Retained earnings

D. Debentures

2. Which of the following is not a common tool used in financial statement analysis?

A. Random walk analysis

B. Ratio analysis

C. Common size statement analysis

D. Trend series analysis

3. Assets are classified as:

A. intangible or non-current

B. current or non-current

C. cash or accounts receivable

D. direct or indirect

4.The difference between a firm's current assets and current liabilities is called:

A. accounting profits

B. excess profits

C. net working capital

D. both accounting profits and net working capital

5.Current assets include:

A. cash, inventory, and accounts receivable

B. cash, inventory, and intangibles

C. cash, accounts receivable, and intangibles

D. inventory, accounts receivable, and intangibles

6. Accounting income or earnings:

A. is always higher than cash flow

B. is always lower than cash flow

C. is the same as cash flow

D. can be very different from cash flow

7. Which of the following does working capital management NOT involve?

A. deciding how much inventory to hold

B. deciding whether to reduce the dividend

C. altering the terms of credit sales

D. altering the criteria regarding who to extend sales to

8. Which of the following would be considered a current liability on a firm's balance sheet?

A. notes payable

B. inventory

C. plant and machinery

D. both notes payable and inventory

9. Which of the following is considered to be the most appropriate goal for a corporate firm?

A. maximizing sales revenue

B. maximizing current share price

C. maximizing dividends paid to shareholders

D. minimizing cost of operations

10. The difference between the total value of assets and the total value of liabilities is the:

A. net cash flows

B. net working capital

C. shareholders' equity

D. gross profit

11.Which one of the following statements is correct?

A. Book values should always be given precedence over market values.

B. Financial statements are frequently used as the basis for performance evaluations.

C. Historical information provides no value to someone who is predicting future performance.

D. Potential lenders place little value on financial statement information.

12.It is easier to evaluate a firm using financial statements when the firm:

A. is a conglomerate.

B. has recently merged with its largest competitor.

C. uses the same accounting procedures as other firms in the industry.

D. has a different fiscal year than other firms in the industry.

13. Which one of the following is the financial statement that shows the accounting value of a

firm's equity as of a particular date?

A. income statement

B. creditor's statement

C. balance sheet

D. statement of cash flows

14. Net working capital is defined as:

A. current liabilities minus shareholders' equity.

B. fixed assets minus long-term liabilities.

C. total assets minus total liabilities.

D. current assets minus current liabilities

15. The common set of standards and procedures by which audited financial statements are

prepared is known as the:

A. matching principle.

B. cash flow identity.

C. Generally Accepted Accounting Principles.

D. Financial Accounting Reporting Principles.

16. Which one of the following is the financial statement that summarizes a firm's revenue and

expenses over a period of time?

A. income statement

B. balance sheet

C. statement of cash flows

D. tax reconciliation statement

17.Noncash items refer to:

A. accrued expenses.
B. inventory items purchased using credit.

C. the ownership of intangible assets such as patents.

D. expenses which do not directly affect cash flows.

18. Which one of the following is classified as an intangible fixed asset?

A. accounts receivable

B. production equipment

C. building

D. trademark

19. Which one of the following accounts is the most liquid?

A. inventory

B. building

C. accounts receivable

D. equipment

20.Which one of the following represents the most liquid asset?

A. $100 account receivable that is discounted and collected for $96 today

B. $100 of inventory which is sold today on credit for $103

C. $100 of inventory that is sold today for $100 cash

D. $100 accounts receivable that will be collected in full next week