Long term solvency Study guides, Class notes & Summaries

Intermediate Accounting Test 2 Balance Sheet - correct answer a snap shot of a company economic condition at a point in time Reports a company resources and claims to those resources Uses of Balance sheet - correct answer describes resources a firm has available for generating future cash flows provides info to assess a firms liquidity evaluates long term solvency and financial flexibility Limitations of balance sheet - correct answer does not measure the market value of the firm m...

CT Life & Health Insurance Exam (XCEL Solutions & Prometric) Qs&As Laura added a children's rider to her life insurance policy. What type of coverage was added? - AnswerLevel term With life insurance, the needs approach is used primarily in determining - Answer-How much life insurance a client should apply for A(n) __________ is a licensee who charges a fee for contracted insurance advisory services. - AnswerConsultant Jonas is covered with disability insurance through his employer. The...

ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025. A company's sales in 2010 were SR250,000 and in 2011 were SR287,500. Using 2010 as the base year, the sales trend percent for 2011 is: A. 100% B. 15% C. 87% D. 115% 2. The comparison of a company's financial condition and performance to a base amount is known as: A. Financial reporting B. Vertical analysis C. Horizontal ratios D. Investment analysis 3. The three most common tools of financial analysis are: A. Rati...

Corporate Finance, 12e (Ross) Chapter 3 Financial Statements and Cash Flow 1) Which statement expresses all relative account values as a percentage of total assets? A) Pro forma balance sheet B) Common-size income statement C) Statement of cash flows D) Pro forma income statement E) Common-size balance sheet Answer: E Difficulty: 1 Easy Section: 3.1 Financial Statements Analysis Topic: Standardized financial statements Bloom's: Remember AACSB: Reflective Thinking Accessibility: Keyboar...

Chapter 3 The Balance Sheet and Financial Disclosures True/False Questions 1. The balance sheet reports a company's financial position at a point in time. Answer: True Level of Learning: 1 Easy Learning Objective: 03-01 Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember AACSB: Reflective thinking AICPA: BB Critical thinking AICPA: FN Measurement 2. A company’s market value is generally less than its book value. Answer: False Level of Learning: 1 Easy Learning...

Full Set of Financial Statements - Statement of Financial Position (the balance sheet) - Statement of Earnings (the income statement) - Statement of Comprehensive Income - Statement of Cash Flows - Statement of Changes in Owners' Equity Classified Balance Sheet Distinguishes current and non-current assets and liabilities Purpose and Use of Balance Sheet Shows types of assets and liabilities, shows financial risk, short term liquidity and long term solvency (potential growth) Limitation...

Name four examples of alternative capital - Answer-Pension Plan Endowments Hedge Funds Alt. Asset Manager what is it called when a reinsurer transfers risk to another reinsurer? - Answer-Retrocession who is the reinsurer who the additional risk is ceded to? - Answer-Retrocessionaire Who is the primary or reinsurer who transfers the risk? - Answer-cedent Where are the top insurance markets? - Answer-US China Japan What is the US insurance market driven by? - Answer-property and casualty...

Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary - correct answer 3. When not prohibited by state law Which of the following accurately describes the "time limit on certain defenses"? 1. After a stated period of time, claims cannot be denied due to m...

Intermediate Accounting Test 2 Balance Sheet - correct answer a snap shot of a company economic condition at a point in time Reports a company resources and claims to those resources Uses of Balance sheet - correct answer describes resources a firm has available for generating future cash flows provides info to assess a firms liquidity evaluates long term solvency and financial flexibility Limitations of balance sheet - correct answer does not measure the market value of the firm m...