TEST BANK FOR FINANCIAL ACCOUNTING FOR
MBAS 8TH EDITION BY EASTON
https://www.stuvia.com/user/lectkeshi
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, Modulea1
FinancialaAccountingaforaMBAs
LearningaObjsa–aCoverageabyaquestion
True/Fals MultipleaChoic
e e
LO1a–
aExplainaandaassessatheafouramainabusinessaactiviti
es.
LO2a– 1-a4 1,a2
aIdentifyaandadiscussatheausersaandasuppliersaofafin
anci alastatementainformation.
LO3a– 5-10 3-19
aDescribeaandaexamineatheafourafinancialastatemen
ts,a andadefineatheaaccountingaequation.
LO4a– 11-13 20-25
aExplainaandaapplyatheabasicsaofaprofitabilityaanalys
is.
LO5a– 14 26,a27
aAssessabusinessaoperationsawithinatheacontextaofa
aaco mpetitiveaenvironment.
LO6a–
aAccessareportsafiledawithatheaSECa(Appendixa1A).
1 1-1 FinancialaAccountingaforaMBAs, a8thaEdition
, https://www.stuvia.com/user/lectkeshi
LO7a–
aDescribeatheaaccountingaprinciplesaandaregulations 15 28-30
at hataframeafinancialastatementsa(Appendixa1B).
TheseaquestionsaareaavailableatoaassignainamyBusinessCourse.
©aCambridgeaBusinessaPublishers,a2021
Module1:FinancialAccountingforMBAs
a a a a a
True/False
TOPIC:UsersaofaFinancialaStatementaInfo
rmationaLO: 2
1. Shareholdersademandafinancialainformationaprimarilyatoaassessaprofitabilitya
andariskawhereasabankersa
demandainformationaprimarilyatoaassessacashaflowsatoarepayaloanainteresta
andaprincipal.
ACCURATEaANSWER:-
True Reasoning:->>-
>>>Whileabothashareholdersaandabankersaareainterestedainaallatheainformat
ionacompaniesaprovide,ashare
holdersacareaaboutamoreaaboutaaafirm‘saprofitabilityaandabankersacareamo
reaaboutasolvencyaandacreditwo rthiness.