Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14th Edition By Hitt, Ireland, Hoskisson, Harrison

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Chapter 02 w w




Reviewing Financial Statements
w w




MultiplewChoicewQuestions



1. Whichwfinancialwstatementwreportswawfirm'swassets,wliabilities,wandwequitywatwawparticularwpointwinwtime?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwretainedwearnings

D. Statementwofwcashwflows


2. Whichwfinancialwstatementwshowswthewtotalwrevenueswthatwawfirmwearnswandwthewtotalwexpenseswt
hewfirmwincurswtowgeneratewthosewrevenueswoverwawspecificwperiodwofwtime—
generallywonewyear?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwretainedwearnings

D. Statementwofwcashwflows




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3. Whichwfinancialwstatementwreportswthewamountswofwcashwthatwthewfirmwgeneratedwandwdistribut
edwduringwawparticularwtimewperiod?




A. Balancewsheet

B. Incomewstatement

C. StatementwofwretainedwEarnings

D. StatementwofwcashwFlows


4. Whichwfinancialwstatementwreconcileswnetwincomewearnedwduringwawgivenwperiodwandwanywcashw
dividendswpaidwwithinwthatwperiodwusingwthewchangewinwretainedwearningswbetweenwthewbeginni
ngwandwendwofwthewperiod?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwretainedwearnings

D. Statementwofwcashwflows


5. Onwwhichwofwthewfourwmajorwfinancialwstatementswwouldwyouwfindwthewcommonwstockwandwpaid
-inwsurplus?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwcashwflows

D. Statementwofwretainedwearnings




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6. Onwwhichwofwthewfourwmajorwfinancialwstatementswwouldwyouwfindwthewincreasewinwinventory?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwcashwflows

D. Statementwofwretainedwearnings


7. Onwwhichwofwthewfourwmajorwfinancialwstatementswwouldwyouwfindwnetwplantwandwequipment?




A. Balancewsheet

B. Incomewstatement

C. Statementwofwcashwflows

D. Statementwofwretainedwearnings


8. Financialwstatementswofwpubliclywtradedwfirmswcanwbewfoundwinwawnumberwofwplaces.wWhichwofwt
hewfollowingwiswNOTwanwoptionwforwfindingwpubliclywtradedwfirms'wfinancialwstatements?




A. Facebook

B. Awfirm'swwebsite

C. SecuritieswandwExchangewCommission'sw(SEC)wwebsite

D. Websiteswsuchwaswfinance.yahoo.com




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9. Forwwhichwofwthewfollowingwwouldwonewexpectwthewbookwvaluewofwthewassetwtowdifferwwidelywfrom
itswmarketwvalue?
w




A. Cash

B. Accountswreceivable

C. Inventory

D. Fixedwassets


10. Commonwstockholders'wequitywdividedwbywnumberwofwshareswofwcommonwstockwoutstandingwiswt
hewformulawforwcalculating




A. Earningswperwsharew(EPS).

B. Dividendswperwsharew(DPS).

C. Bookwvaluewperwsharew(BVPS).

D. Marketwvaluewperwsharew(MVPS).


11. Whenwawfirmwalterswitswcapitalwstructurewtowincludewmoreworwlesswdebtw(and,winwturn,wlessworwm
orewequity),witwimpactswwhichwofwthewfollowing?




A. Thewresidualwcashwflowswavailablewforwstockwholders

B. Thewnumberwofwshareswofwstockwoutstanding

C. Thewearningswperwsharew(EPS)

D. Allwofwthewchoices




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