Financial Statement Analysis Basics
Check your understanding about basic premises and principles of financial statement Analysis
Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to which accounting principle or concept?
1 point
Clear selection
Financial statements report only items that have significant economic value.” This statement summarizes which basic accounting concept?
1 point
Clear selection
In relation to a company, creditors are least concerned with:
1 point
Clear selection
In relation to a company, investors are least concerned with:
1 point
Clear selection
In order to have a smoothed rate of growth, we use:
1 point
Clear selection
Which basic accounting concept prohibits firms from frequently changing their method of valuing inventory?
1 point
Clear selection
The difference between total current assets and total current liabilities is:
1 point
Clear selection
Which basic accounting concept does the following statement summarize?“Transactions are recorded using price paid, not current prices.”
1 point
Clear selection
Performance review of a business must compare against
1 point
Clear selection
Which of the following is not a reason financial analysis is useful to investors?
1 point
Clear selection
Submit
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy