Question

Which one of the following is defined as anything a firm owns that has value? asset cash outflow equity liability cash inflow QUESTION 8 A firm has total equity of $61,600 and total liabilities of $18,900. Current assets are $44,700 and current liabilities are $15,200. What is the value of the net fixed assets? $10,600 $35,800 $8,300 $29,500 $42,700 QUESTION 9 Which one of the following represents the amounts owed by a firm to other parties? assets liabilities equities cash inflows expenses QUESTION 10 You are interested in reviewing the information corporations file with the SEC. Which one of the following is the archive of these filings? EDGAR REG FD SAMSON ROA filings Nonpublic information files QUESTION 11 Material nonpublic information is defined as any information that could reasonably be expected to do which one of the following? affect the manner in which the firm presents its financial information cause one or more of the senior executives of the firm to resign cause great embarrassment to the firm cause the SEC to halt the trading of the firm's securities should that information become public affect the price of the firm's securities QUESTION 12 Which one of the following is a financial planning method wherein some account values vary in relation to expected sales? common size approach linear method percentage of sales approach percentage of net income method adjusted sales method

Answer 1

Question-7

Answer:- asset

Asset means any resources which are owned by firm or company which can be measured in currency values.

Reasons for wrongness of other options:-

• Cash outflow means any cash which is going outside from the business.
• Equity is the net amount of funds invested by owners plus retained earnings
• Liabilty means the amounts owed by business to other parties.
• Cash inflow is any cash receipts to the business.