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A100 Kelley School of Business IU Latest Update Exam | Questions and
Verified Answers | 100% Correct | Grade A +
Accounting - ANSWER planning, recording, analyzing, and
interpreting financial information
Financial Statements - ANSWER reports prepared from the
accounting system
Financial Accounting - ANSWER the records and related reports
available to people outside the company
impact on the financial statements - ANSWER looking at the
financial statements from the top down and paying particular
attention to how various transactions impact the financial
statements
Financing Activities - ANSWER transactions that raise funds for
the company to operate or expand
Investing activities - ANSWER transactions where the company
invests in assets that it will use for business operations
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Operating Activities - ANSWER all other transactions which
cannot be classified as financing or investing (Rent, Salaries and
insurance)
Three Business Operations - ANSWER Financing Activities,
Investing Activities and Operating Activities
Equity - ANSWER ownership
Equity investors - ANSWER purchasers of stock (stockholders,
shareholders)
Dividends - ANSWER payments made from a corporation to its
stockholders
Debt - ANSWER borrowing money from the bank that needs to
be paid back with interest
Creditors - ANSWER those who loan the company money
A100 Kelley School of Business IU Latest Update Exam | Questions and
Verified Answers | 100% Correct | Grade A +
Accounting - ANSWER planning, recording, analyzing, and
interpreting financial information
Financial Statements - ANSWER reports prepared from the
accounting system
Financial Accounting - ANSWER the records and related reports
available to people outside the company
impact on the financial statements - ANSWER looking at the
financial statements from the top down and paying particular
attention to how various transactions impact the financial
statements
Financing Activities - ANSWER transactions that raise funds for
the company to operate or expand
Investing activities - ANSWER transactions where the company
invests in assets that it will use for business operations
, 2|Page
Operating Activities - ANSWER all other transactions which
cannot be classified as financing or investing (Rent, Salaries and
insurance)
Three Business Operations - ANSWER Financing Activities,
Investing Activities and Operating Activities
Equity - ANSWER ownership
Equity investors - ANSWER purchasers of stock (stockholders,
shareholders)
Dividends - ANSWER payments made from a corporation to its
stockholders
Debt - ANSWER borrowing money from the bank that needs to
be paid back with interest
Creditors - ANSWER those who loan the company money
