Adventis FMC Level 1 MC COMPLETE
(2025) EXAM TEST WITH LATEST
UPDATED (QUESTIONS AND ANSWERS)
financialvstatementvcommunicatesvwhat?v-vcorrect-answersv--vfinancialvconditionv
-vresultsvofvoperations
-vvariousvothervactivitiesvofvanvorganization
howvboardvofvdirectorsvusevfinancialvdata...v-vcorrect-answersv--vholdvmanagementvaccountablev-
vmakevboard-levelvdecisionsvaboutvcorporatevstrategy
howvcompanyvmanagementvusesvfinancialvdata...v-vcorrect-answersv--vmeasurevperformancev
-vmakevstrategic,voperatingvandvfinancialvdecisions
howvcreditorsvusevfinancialvdata...v-vcorrect-answersv--vmeasurevcreditworthiness
-vliquidity
-vbankruptcyvrisk
,howvinvestorsvusevfinancialvdata...v-vcorrect-answersv-
makevdecisionsvonvbuying/sellingvequityvinvestments
howvacquirersvusevfinancialvdata...v-vcorrect-answersv--vdeterminevvaluation
-vmakevinvestmentvdecisions
howvregulatorsvusevfinancialvdata...v-vcorrect-answersv-
determinevwhethervcompanyvisvoperatingvaccordingvtovregulations/law
whatvdoesvthevincomevstatementvpresent?v-vcorrect-answersv-
resultsvofvoperationsvovervavperiodvofvtime
whatvisvthevpurposevofvthevincomevstatement?v-vcorrect-answersv-
tovshowvwhethervthevcompanyvmadevorvlostvmoneyvduringvthevperiodvreported
whatvdoesvthevincomevstatementvindicate?v-vcorrect-answersv-
howvrevenuesvarevtranslatedvintovnetvincomevthroughvsubtractingvexpenses
revenuev(sales)v-vcorrect-answersv-amountvchargedvforvthevdeliveryvofvgoodsvorvservices
costvofvsalesv(cogs)v-vcorrect-answersv--vdirectvcostvofvproducingvrevenue
-vEx:vrawvmaterials,vdirectvwages,vetc.
grossvprofitv-vcorrect-answersv--vrevenuev-vcogs
-vindicatesvhowvefficientlyvlaborvandvmaterialsvarevusedvinvthevproductionvprocess
operatingvexpensesv-vcorrect-answersv--vallvothervexpensesvrequiredvtovrunvavbusiness
, -vEx:vmanagementvsalaries,vmarketing,vtravel,vetc.
operatingvincomev(EBIT)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpenses
-vindicatesvavcompany'svearningvpowervfromvongoingvoperations
non-operatingvexpensesv-vcorrect-answersv--
vexpensesvnotvrelatedvtovregularvbusinessvofvthevcompany
-vEx:vinterestvexpense,vrestructuringvexpense,vetc.
corporatevtaxesv-vcorrect-answersv-localvandvfederalvincomevtaxesvthevcompanyvincurs
netvincomev(netvearnings)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpensesv-vnon-
operatingvexpensesv-vtaxes
-vindicatesvincreasevinvshareholders'vvaluevresultingvfromvoperations
whatvdoesvthevbalancevsheetvshow?v-vcorrect-answersv-
anvorganization'svfinancialvpositionvatvavparticularvpointvinvtime
whatvdoesvthevbalancevsheetvdisclose?v-vcorrect-answersv--
vthevresourcesvanvorganizationvcontrolsv(assets)
-vthevclaimsvonvthosevresourcesv(liabilitiesvandvequity)
whatvisvthevbasicvaccountingvequation?v-vcorrect-answersv-assetsv=vliabilitiesv+vequity
whatvisvthevbasicvaccountingvequationvavfoundationvfor?v-vcorrect-answersv-
thevdoubleventryvbookkeepingvsystem
(2025) EXAM TEST WITH LATEST
UPDATED (QUESTIONS AND ANSWERS)
financialvstatementvcommunicatesvwhat?v-vcorrect-answersv--vfinancialvconditionv
-vresultsvofvoperations
-vvariousvothervactivitiesvofvanvorganization
howvboardvofvdirectorsvusevfinancialvdata...v-vcorrect-answersv--vholdvmanagementvaccountablev-
vmakevboard-levelvdecisionsvaboutvcorporatevstrategy
howvcompanyvmanagementvusesvfinancialvdata...v-vcorrect-answersv--vmeasurevperformancev
-vmakevstrategic,voperatingvandvfinancialvdecisions
howvcreditorsvusevfinancialvdata...v-vcorrect-answersv--vmeasurevcreditworthiness
-vliquidity
-vbankruptcyvrisk
,howvinvestorsvusevfinancialvdata...v-vcorrect-answersv-
makevdecisionsvonvbuying/sellingvequityvinvestments
howvacquirersvusevfinancialvdata...v-vcorrect-answersv--vdeterminevvaluation
-vmakevinvestmentvdecisions
howvregulatorsvusevfinancialvdata...v-vcorrect-answersv-
determinevwhethervcompanyvisvoperatingvaccordingvtovregulations/law
whatvdoesvthevincomevstatementvpresent?v-vcorrect-answersv-
resultsvofvoperationsvovervavperiodvofvtime
whatvisvthevpurposevofvthevincomevstatement?v-vcorrect-answersv-
tovshowvwhethervthevcompanyvmadevorvlostvmoneyvduringvthevperiodvreported
whatvdoesvthevincomevstatementvindicate?v-vcorrect-answersv-
howvrevenuesvarevtranslatedvintovnetvincomevthroughvsubtractingvexpenses
revenuev(sales)v-vcorrect-answersv-amountvchargedvforvthevdeliveryvofvgoodsvorvservices
costvofvsalesv(cogs)v-vcorrect-answersv--vdirectvcostvofvproducingvrevenue
-vEx:vrawvmaterials,vdirectvwages,vetc.
grossvprofitv-vcorrect-answersv--vrevenuev-vcogs
-vindicatesvhowvefficientlyvlaborvandvmaterialsvarevusedvinvthevproductionvprocess
operatingvexpensesv-vcorrect-answersv--vallvothervexpensesvrequiredvtovrunvavbusiness
, -vEx:vmanagementvsalaries,vmarketing,vtravel,vetc.
operatingvincomev(EBIT)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpenses
-vindicatesvavcompany'svearningvpowervfromvongoingvoperations
non-operatingvexpensesv-vcorrect-answersv--
vexpensesvnotvrelatedvtovregularvbusinessvofvthevcompany
-vEx:vinterestvexpense,vrestructuringvexpense,vetc.
corporatevtaxesv-vcorrect-answersv-localvandvfederalvincomevtaxesvthevcompanyvincurs
netvincomev(netvearnings)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpensesv-vnon-
operatingvexpensesv-vtaxes
-vindicatesvincreasevinvshareholders'vvaluevresultingvfromvoperations
whatvdoesvthevbalancevsheetvshow?v-vcorrect-answersv-
anvorganization'svfinancialvpositionvatvavparticularvpointvinvtime
whatvdoesvthevbalancevsheetvdisclose?v-vcorrect-answersv--
vthevresourcesvanvorganizationvcontrolsv(assets)
-vthevclaimsvonvthosevresourcesv(liabilitiesvandvequity)
whatvisvthevbasicvaccountingvequation?v-vcorrect-answersv-assetsv=vliabilitiesv+vequity
whatvisvthevbasicvaccountingvequationvavfoundationvfor?v-vcorrect-answersv-
thevdoubleventryvbookkeepingvsystem
