WGU D366 Financial Statement Analysis |OA|
Objective Assessment | Actual Questions and
Answers Latest Updated
(Graded A+)
Correct
Incorrect
D366 Financial Statement Analysis |OA
, Investments measured at original Inventories measured at lower
purchase price of cost or fair value
Buildings measured at replacement Equipment measured at historical
value cost
Don't know?
2 of 90
Term
Wild Parsley Grill's financial analyst is preparing the forecast financial
statements for the next five years. The analyst lists the company
properties in its projected financial records.Which current year
document should the financial analyst refer to?
Give this one a try later!
Form 10-Q quarterly report Form 8-K current report
Form 10-K annual report Form S-1 registration statement
Don't know?
3 of 90
Term
,A financial analyst is tasked with analyzing a manufacturing company.
The financial analyst found that the manufacturing company reported
land as $7,000,000 on its balance sheet. In the notes to financial
statements for land, the company stated that the land was appraised
this year, and the company recorded an impairment loss of $2,000,000
after 10 years of holding the land. The company's net income for the
year is $10,000,000. Which analysis should the financial analyst make
based on the given data to analyze this company?
Give this one a try later!
The analyst should increase the
The analyst should conclude the
company's net income by the
company appraises its land valuation
land's impairment amount for
every 10 years.
future profitability analysis.
The analyst should increase the The analyst should conclude that the
company's land value by $2,000,000 company has used the adjusted
for further analysis of the company's historical cost method in the
balance sheet. valuation of land.
Don't know?
, 4 of 90
Term
A building materials manufacturing company reported net income of
$4,125,000 for 20X8. In the statement of cash flows for 20X8, the net
cash flows from operations is $7,315,000. What is a possible reason for
the reported net income to be significantly lower than the cash flow
from operations?
Give this one a try later!
Purchases of property and High amortization expenses in
equipment in 20x8 20X8
Proceeds from the issuance of long-
Decrease in accounts payable in 20x8
term debt in 20x8
Don't know?
5 of 90
Term
The financial analyst of Paradigm Toys is analyzing its income statement
and balance sheet for 20X5. The financial analyst gives the following
crucial facts in relation to the prior year:
The net revenue has increased by 12.5%.
There is no change in the long-term debts.
The shareholders' equity has decreased by 8%.
Objective Assessment | Actual Questions and
Answers Latest Updated
(Graded A+)
Correct
Incorrect
D366 Financial Statement Analysis |OA
, Investments measured at original Inventories measured at lower
purchase price of cost or fair value
Buildings measured at replacement Equipment measured at historical
value cost
Don't know?
2 of 90
Term
Wild Parsley Grill's financial analyst is preparing the forecast financial
statements for the next five years. The analyst lists the company
properties in its projected financial records.Which current year
document should the financial analyst refer to?
Give this one a try later!
Form 10-Q quarterly report Form 8-K current report
Form 10-K annual report Form S-1 registration statement
Don't know?
3 of 90
Term
,A financial analyst is tasked with analyzing a manufacturing company.
The financial analyst found that the manufacturing company reported
land as $7,000,000 on its balance sheet. In the notes to financial
statements for land, the company stated that the land was appraised
this year, and the company recorded an impairment loss of $2,000,000
after 10 years of holding the land. The company's net income for the
year is $10,000,000. Which analysis should the financial analyst make
based on the given data to analyze this company?
Give this one a try later!
The analyst should increase the
The analyst should conclude the
company's net income by the
company appraises its land valuation
land's impairment amount for
every 10 years.
future profitability analysis.
The analyst should increase the The analyst should conclude that the
company's land value by $2,000,000 company has used the adjusted
for further analysis of the company's historical cost method in the
balance sheet. valuation of land.
Don't know?
, 4 of 90
Term
A building materials manufacturing company reported net income of
$4,125,000 for 20X8. In the statement of cash flows for 20X8, the net
cash flows from operations is $7,315,000. What is a possible reason for
the reported net income to be significantly lower than the cash flow
from operations?
Give this one a try later!
Purchases of property and High amortization expenses in
equipment in 20x8 20X8
Proceeds from the issuance of long-
Decrease in accounts payable in 20x8
term debt in 20x8
Don't know?
5 of 90
Term
The financial analyst of Paradigm Toys is analyzing its income statement
and balance sheet for 20X5. The financial analyst gives the following
crucial facts in relation to the prior year:
The net revenue has increased by 12.5%.
There is no change in the long-term debts.
The shareholders' equity has decreased by 8%.
