IU A100 Final Questions And Answers
With Verified Update
Which bof bthe bfollowing bstatements bare btrue bregarding bstockholders?
A. bThey bare bcreditors bof bthe bcompany.
B. bThey bare bowners bof bthe bcompany.
C. bThey bexpect bto breceive binterest bon btheir binvestment.
D. bThey bexpect bto breceive btheir binvestment bback bat ba bspecified bpoint bin btime. b- bAnswer b- bB. bThey bare
bowners bof bthe bcompany
Which bof bthe bfollowing bis bcorrectly bclassified?
A. bSelling bstock bto bstockholders bis ban binvesting bcash bflow.
B. bPaying bfor boperations bof bthe bbusiness bis ban binvesting bcash bflow.
C. bBuying ba bbuilding bis ban binvesting bcash bflow.
D. bBorrowing bmoney bfrom bthe bbank bis ban boperating bcash bflow. b- bAnswer b- bC. bBuying ba bbuilding bis ban
binvesting bcash bflow.
Dividends bare
A. brequired bto bbe bpaid bto bcreditors.
B. bvoluntary bpayments bmade bby bthe bcompany bto bcreditors.
C. bpayments bmade bto bboth bcreditors band bstockholders.
D. bpayments bmade bto bstockholders. b- bAnswer b- bD. bpayments bmade bto bstockholders.
Which bof bthe bfollowing bis btrue bregarding bthe bSEC?
A. bIt bis bresponsible bfor bpreparing bthe bfinancial bstatements bof ball bpublicly-held bcompanies.
B. bIts brules band bregulations bapply bto ball bcompanies, bboth bpublic band bprivate.
C. bIt bwas bestablished bin b1934
D. bIt bcomes bunder bthe bcontrol bof bthe bFASB.
E. bIt bwas benacted bas ba bresult bof bSarbanes-Oxley. b- bAnswer b- bWhich bof bthe bfollowing bis btrue bregarding
bthe bSEC?
, Which bof bthe bfollowing bis bNOT bone bof bthe bBig bFour?
A. bE&Y
B. bDeloitte
C. bPwC
D. bKPMG
E. bFRST b- bAnswer b- bE. bFRST
Which bof bthe bfollowing bis btrue?
A. bGAAP bgives bless bguidance bthat bIFRS.
B. bGAAP bis ba bprinciples-based bsystem.
C. bUASB bare bthe brules bthat bcompanies bbased bin bmost bother bcountries bare brequired bto buse.
D. bGAAP bare bthe brules bcompanies bbased bin bthe bUS bare brequired bto buse. b- bAnswer b- bD. bGAAP bare bthe
brules bcompanies bbased bin bthe bUS bare brequired bto buse.
Which bof bthe bfollowing bis ba bliability baccount?
A. bUtilities bpayable b
B. bEquipment b
C. bCommon bstock
D. bRetained bearnings b- bAnswer b- bA. butilities bpayable
Which bof bthe bfollowing bis btrue bof bretained bearnings?
A. bIt bis bthe bamount breceived bwhen bcommon bstock bwas bfirst bissued.
B. bIt bis ball bthe bnet bincomes bthe bcompany bhas bearned bsince bit bfirst bstarted bin bbusiness bminus bany
bdividends bpaid.
C. bIt bis bthe bamount bof bcash bthe bcompany bhas bat bthe bend bof bthe bperiod.
E. bIt bis bthe bbalance bthe bcompany bowes bto bcustomers bat bthe bend bof bthe bperiod. b- bAnswer b- bB. bIt bis ball
bthe bnet bincomes bthe bcompany bhas bearned bsince bit bfirst bstarted bin bbusiness bminus bany bdividends bpaid.
Which bof bthe bfollowing bis btrue?
A. bAssets b= bliabilities b+ bretained bearnings
B. bAssets b- bretained bearnings b= bliabilities
C. bAssets b- bliabilities b= bstockholders' bequity
D. bAssets b+ bliabilities b= bstockholders' bequity b- bAnswer b- bC. bAssets b- bliabilities b= bstockholders' bequity
Which bof bthe bfollowing bstatements bare btrue?
With Verified Update
Which bof bthe bfollowing bstatements bare btrue bregarding bstockholders?
A. bThey bare bcreditors bof bthe bcompany.
B. bThey bare bowners bof bthe bcompany.
C. bThey bexpect bto breceive binterest bon btheir binvestment.
D. bThey bexpect bto breceive btheir binvestment bback bat ba bspecified bpoint bin btime. b- bAnswer b- bB. bThey bare
bowners bof bthe bcompany
Which bof bthe bfollowing bis bcorrectly bclassified?
A. bSelling bstock bto bstockholders bis ban binvesting bcash bflow.
B. bPaying bfor boperations bof bthe bbusiness bis ban binvesting bcash bflow.
C. bBuying ba bbuilding bis ban binvesting bcash bflow.
D. bBorrowing bmoney bfrom bthe bbank bis ban boperating bcash bflow. b- bAnswer b- bC. bBuying ba bbuilding bis ban
binvesting bcash bflow.
Dividends bare
A. brequired bto bbe bpaid bto bcreditors.
B. bvoluntary bpayments bmade bby bthe bcompany bto bcreditors.
C. bpayments bmade bto bboth bcreditors band bstockholders.
D. bpayments bmade bto bstockholders. b- bAnswer b- bD. bpayments bmade bto bstockholders.
Which bof bthe bfollowing bis btrue bregarding bthe bSEC?
A. bIt bis bresponsible bfor bpreparing bthe bfinancial bstatements bof ball bpublicly-held bcompanies.
B. bIts brules band bregulations bapply bto ball bcompanies, bboth bpublic band bprivate.
C. bIt bwas bestablished bin b1934
D. bIt bcomes bunder bthe bcontrol bof bthe bFASB.
E. bIt bwas benacted bas ba bresult bof bSarbanes-Oxley. b- bAnswer b- bWhich bof bthe bfollowing bis btrue bregarding
bthe bSEC?
, Which bof bthe bfollowing bis bNOT bone bof bthe bBig bFour?
A. bE&Y
B. bDeloitte
C. bPwC
D. bKPMG
E. bFRST b- bAnswer b- bE. bFRST
Which bof bthe bfollowing bis btrue?
A. bGAAP bgives bless bguidance bthat bIFRS.
B. bGAAP bis ba bprinciples-based bsystem.
C. bUASB bare bthe brules bthat bcompanies bbased bin bmost bother bcountries bare brequired bto buse.
D. bGAAP bare bthe brules bcompanies bbased bin bthe bUS bare brequired bto buse. b- bAnswer b- bD. bGAAP bare bthe
brules bcompanies bbased bin bthe bUS bare brequired bto buse.
Which bof bthe bfollowing bis ba bliability baccount?
A. bUtilities bpayable b
B. bEquipment b
C. bCommon bstock
D. bRetained bearnings b- bAnswer b- bA. butilities bpayable
Which bof bthe bfollowing bis btrue bof bretained bearnings?
A. bIt bis bthe bamount breceived bwhen bcommon bstock bwas bfirst bissued.
B. bIt bis ball bthe bnet bincomes bthe bcompany bhas bearned bsince bit bfirst bstarted bin bbusiness bminus bany
bdividends bpaid.
C. bIt bis bthe bamount bof bcash bthe bcompany bhas bat bthe bend bof bthe bperiod.
E. bIt bis bthe bbalance bthe bcompany bowes bto bcustomers bat bthe bend bof bthe bperiod. b- bAnswer b- bB. bIt bis ball
bthe bnet bincomes bthe bcompany bhas bearned bsince bit bfirst bstarted bin bbusiness bminus bany bdividends bpaid.
Which bof bthe bfollowing bis btrue?
A. bAssets b= bliabilities b+ bretained bearnings
B. bAssets b- bretained bearnings b= bliabilities
C. bAssets b- bliabilities b= bstockholders' bequity
D. bAssets b+ bliabilities b= bstockholders' bequity b- bAnswer b- bC. bAssets b- bliabilities b= bstockholders' bequity
Which bof bthe bfollowing bstatements bare btrue?
