Question

needing help wit these

-r any multiple choice questions, choose the one alternative that best completes the statement or answe e question. 1) Which financial statement reports the amounts of cash that the firm generated and distributed during a particular time period? A) income statement B) statement of cash flows C) statement of retained earnings D) balance sheet 2) Which financial statement reconciles net income earned during a given period and any cash dividends paid within that period using the change in retained earnings between the beginning and end of the period? A) income statement B) statement of retained earnings C) statement of cash flows D) balance sheet 3) On which of the four major financial statements would you find net property, plant, and equipment? A) statement of cash flows B) balance sheet C) statement of retained earnings D) income statement 4) For which of the following would one expect the book value of the asset todiffer widely from its market value? A) accounts receivable B) fixed assets C) inventory D) cash 5) This is the amount of additional taxes a firm must pay out for every additional dollar of taxable income it earns. A) marginal tax rate B) earnings before tax C) average tax rate in DP D) progressive tax system 6) What is the term for cash flow available for payments to stockholders and debt holders of a firm after the firm has made investments in assets necessary to sustain the ongoing operations of the firm. A) free cash flow B) investing cash flow C) cash flow from operations D) net income available to common stockholders

Answer 1

Answer 1 B) Statement of Cash flow

This statement shows the cash generated and distributed

Answer 2 B) Statement of retained earnings

It showns the changes in retained earnings as net income earned added to opening balance and dividend paid deducted

Answer 3 B) Balance sheet

Balance sheet detail of Plant equipment and property

Answer 4 B) Fixed assets

The book value of fixed assets differes from market value as it is recorded at purchase price

Answer 5 A) Marginal tax rate

Answer 6 A) free cash flow