k
Fundamentals of Corporate Finance 10th
k k kk k k
Edition Ross-FIN 10 k k
Chapter 02 Fin k k
ancial Statements, Taxes, and Cash Flow
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MultiplekChoicekQuestions
1. Whichkonekofkthekfollowingkiskthekfinancial kstatementkthatkshows kthekaccountingkv
aluekofkakfirm's kequitykaskofkakparticular kdate?
A. incomekstatement
B. creditor's kstatement
C. balanceksheet
D. statementkofkcashkflows
,E. dividendkstatement
,2. Netkworkingkcapital kiskdefinedkas:
A. totalkliabilities kminuskshareholders' kequity.
B. currentkliabilities kminus kshareholders' kequity.
C. fixedkassets kminusklong-termkliabilities.
D. totalkassets kminusktotalkliabilities.
E. currentkassetskminuskcurrentkliabilities.
, 3. Thekcommonksetkofkstandards kandkprocedures kbykwhichkauditedkfinancial kst
atements karekpreparedkiskknownkaskthe:
A. matchingkprinciple.
B. cashkflowkidentity.
C. Generally kAcceptedkAccountingkPrinciples.
D. Financial kAccountingkReportingkPrinciples.
E. StandardkAccountingkValuekGuidelines.
4. Whichkonekofkthekfollowingkiskthekfinancial kstatementkthatksummarizes kakfirm's kre
venuekandkexpenseskover kakperiodkofktime?
A. incomekstatement
B. balanceksheet
C. statementkofkcashkflows
D. taxkreconciliationkstatement
E. marketkvaluekreport