Test bank for corporate finance 9th edition ross full chapter

,DOWNLOAD THE Test Bank for Corporate Finance 9th Edition Ross
j j j j j j j j j




Chapterj02j-jAccountingjStatementsjandjCashjFlow


Chapter 02 j j


Accounting Statements and Cash Flow
j j j j




MultiplejChoicejQuestions


1. ThejStatementjofjFinancialjPositionjisjbasedjonjwhichjfollowingjequality:
A. FixedjAssetsj=j(Stockholder'sjequityj+jCurrentjAssets)
B. Assetsj=j(Liabilitiesj+jStockholder'sjequity)
C. Assetsj=j(CurrentjLongjTermjDebtj+jRetainedjearnings)
D. FixedjAssetj=j(Liabilitiesj+jStockholder'sjequity)


Accessibility:jKeyboardjNavigationj
Blooms:jRemember
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition



2. AssetsjarejlistedjonjthejStatementjofjFinancialjPositionjinjorderjof:
A. decreasingjliquidity.
B. increasingjliquidity.
C. increasingjsize.
D. relativejlife.


Accessibility:jKeyboardjNavigationj
Blooms:jRemember
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition



3. Ofjthejfollowingjassets,jwhichjisjthejgenerallyjthejleastjliquid?
A. Marketablejsecurities.
B. Cash.
C. Inventory.
D. Accountsjreceivable.


Accessibility:jKeyboardjNavigationj
Blooms:jRemember
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition




2-1
mynursytest.store

,DOWNLOAD THE Test Bank for Corporate Finance 9th Edition Ross
j j j j j j j j j




Chapterj02j-jAccountingjStatementsjandjCashjFlow




4. Whichjonejofjthesejaccountsjisjclassifiedjasjajcurrentjassetjonjthejbalancejsheet?
A. intangiblejasset
B. accountsjpayable
C. preferredjstock
D. inventory
E. netjplantjandjequipment


Accessibility:jKeyboardjNavigationj
Blooms:jRemember
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition



5. Accountingjliquidityjisjdefinedjas:
A. thejamountjofjcashjthejfirmjhas.
B. thejturnoverjratio.
C. thejabilityjofjthejassetsjtojgeneratejincome.
D. thejeasejandjquicknessjwithjwhichjassetsjcanjbejconvertedjtojcash.


Accessibility:jKeyboardjNavigationj
Blooms:jUnderstand
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition



6. Netjworkingjcapitaljisjdefinedjas:
A. currentjassetsjplusjfixedjassets.
B. currentjassetsjplusjstockholders'jequity.
C. fixedjassetsjminusjlong-termjliabilities.
D. totaljassetsjminusjtotaljliabilities.
E. currentjassetsjminusjcurrentjliabilities.


Accessibility:jKeyboardjNavigationj
Blooms:jUnderstand
Difficulty:jEasy
Topic:j02-03jDebtjversusjEquity




2-2
mynursytest.store

, DOWNLOAD THE Test Bank for Corporate Finance 9th Edition Ross
j j j j j j j j j




Chapterj02j-jAccountingjStatementsjandjCashjFlow




7. Fixedjassetsjcanjbejeitherjtangiblejorjintangible.jIntangiblejassetsjare:
A. property,jplantjandjequipment.
B. canjbejconvertedjtojcashjinjthejnormaljcoursejofjbusiness.
C. canjbejveryjvaluable,jalthoughjtheyjhavejnojphysicaljpresence,jsuchjasjtrademarksjorjpate
nts.
D. arejhighlyjliquid.


Accessibility:jKeyboardjNavigationj
Blooms:jUnderstand
Difficulty:jMedium
Topic:j02-01jThejStatementjofjFinancialjPosition



8. Intangiblejfixedjassetsjwouldjinclude:
A. building.
B. machinery.
C. trademarks.
D. equipment.


Accessibility:jKeyboardjNavigationj
Blooms:jRemember
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition



9. Thejprimaryjdistinctionjbetweenjtangiblejandjintangiblejassetsjisjthat:
A. intangiblejassetsjhavejajphysicaljexistencejwhilejtangiblejassetsjdojnot.
B. intangiblejassetsjdojnotjhavejajphysicaljexistencejwhilejtangiblejassetsjdo.
C. sincejtangiblejassetsjdojnotjhavejajphysicaljexistencejtheyjdojnotjshowjupjonjthejbalancejsheet
.
D. sincejintangiblejassetsjdojnotjhavejajphysicaljexistencejtheyjdojnotjshowjupjonjthejbalancejsheet
.


Accessibility:jKeyboardjNavigationj
Blooms:jUnderstand
Difficulty:jEasy
Topic:j02-01jThejStatementjofjFinancialjPosition




2-3
mynursytest.store