罗斯公司理财Chap002全英文题库及答案

Chapter02-FinancialStatementsandCashFlow2-1Chapter02FinancialStatementsandCashFlowAnswerKeyMultipleChoiceQuestions1.Thefinancialstatementshowingafirm'saccountingvalueonaparticulardateisthe:A.incomestatement.B.balancesheet.C.statementofcashflows.D.taxreconciliationstatement.E.shareholders'equitysheet.Difficultylevel:EasyTopic:BALANCESHEETType:DEFINITIONS2.Acurrentassetis:A.anitemcurrentlyownedbythefirm.B.anitemthatthefirmexpectstoownwithinthenextyear.C.anitemcurrentlyownedbythefirmthatwillconverttocashwithinthenext12months.D.theamountofcashonhandthefirmcurrentlyshowsonitsbalancesheet.E.themarketvalueofallitemscurrentlyownedbythefirm.Difficultylevel:EasyTopic:CURRENTASSETSType:DEFINITIONS3.Thelong-termdebtsofafirmareliabilities:A.thatcomeduewithinthenext12months.B.thatdonotcomedueforatleast12months.C.owedtothefirm'ssuppliers.D.owedtothefirm'sshareholders.E.thefirmexpectstoincurwithinthenext12months.Difficultylevel:EasyTopic:LONG-TERMDEBTType:DEFINITIONSChapter02-FinancialStatementsandCashFlow2-24.Networkingcapitalisdefinedas:A.totalliabilitiesminusshareholders'equity.B.currentliabilitiesminusshareholders'equity.C.fixedassetsminuslong-termliabilities.D.totalassetsminustotalliabilities.E.currentassetsminuscurrentliabilities.Difficultylevel:EasyTopic:NETWORKINGCAPITALType:DEFINITIONS5.A(n)____assetisonewhichcanbequicklyconvertedintocashwithoutsignificantlossinvalue.A.currentB.fixedC.intangibleD.liquidE.long-termDifficultylevel:EasyTopic:LIQUIDASSETSType:DEFINITIONS6.Thefinancialstatementsummarizingafirm'saccountingperformanceoveraperiodoftimeisthe:A.incomestatement.B.balancesheet.C.statementofcashflows.D.taxreconciliationstatement.E.shareholders'equitysheet.Difficultylevel:EasyTopic:INCOMESTATEMENTType:DEFINITIONSChapter02-FinancialStatementsandCashFlow2-37.Noncashitemsreferto:A.thecreditsalesofafirm.B.theaccountspayableofafirm.C.thecostsincurredforthepurchaseofintangiblefixedassets.D.expenseschargedagainstrevenuesthatdonotdirectlyaffectcashflow.E.allaccountsonthebalancesheetotherthancashonhand.Difficultylevel:EasyTopic:NONCASHITEMSType:DEFINITIONS8.Your_____taxrateistheamountoftaxpayableonthenexttaxabledollaryouearn.A.deductibleB.residualC.totalD.averageE.marginalDifficultylevel:EasyTopic:MARGINALTAXRATESType:DEFINITIONS9.Your_____taxrateisthetotaltaxesyoupaydividedbyyourtaxableincome.A.deductibleB.residualC.totalD.averageE.marginalDifficultylevel:EasyTopic:AVERAGETAXRATESType:DEFINITIONSChapter02-FinancialStatementsandCashFlow2-410._____referstothecashflowthatresultsfromthefirm'songoing,normalbusinessactivities.A.CashflowfromoperatingactivitiesB.CapitalspendingC.NetworkingcapitalD.CashflowfromassetsE.CashflowtocreditorsDifficultylevel:MediumTopic:CASHFLOWFROMOPERATINGACTIVITIESType:DEFINITIONS11._____referstothechangesinnetcapitalassets.A.OperatingcashflowB.CashflowfrominvestingC.NetworkingcapitalD.CashflowfromassetsE.CashflowtocreditorsDifficultylevel:MediumTopic:CASHFLOWFROMINVESTINGType:DEFINITIONS12._____referstothedifferencebetweenafirm'scurrentassetsanditscurrentliabilities.A.OperatingcashflowB.CapitalspendingC.NetworkingcapitalD.CashflowfromassetsE.CashflowtocreditorsDifficultylevel:EasyTopic:NETWORKINGCAPITALType:DEFINITIONSChapter02-FinancialStatementsandCashFlow2-513._____iscalculatedbyaddingbacknoncashexpensestonetincomeandadjustingforchangesincurrentassetsandliabilities.A.OperatingcashflowB.CapitalspendingC.NetworkingcapitalD.CashflowfromoperationsE.CashflowtocreditorsDifficultylevel:MediumTopic:CASHFLOWFROMOPERATIONSType:DEFINITIONS14._____referstothefirm'sinterestpaymentslessanynetnewborrowing.A.OperatingcashflowB.CapitalspendingC.NetworkingcapitalD.CashflowfromshareholdersE.CashflowtocreditorsDifficultylevel:MediumTopic:CASHFLOWTOCREDITORSType:DEFINITIONS15._____referstothefirm'sdividendpaymentslessanynetnewequityraised.A.OperatingcashflowB.CapitalspendingC.NetworkingcapitalD.CashflowfromcreditorsE.CashflowtostockholdersDifficultylevel:MediumTopic:CASHFLOWTOSTOCKHOLDERSType:DEFINITIONSChapter02-FinancialStatementsandCashFlow2-616.Earningspershareisequalto:A.netincomedividedbythetotalnumberofsharesoutstanding.B.netincomedividedbytheparvalueofthecommonstock.C.grossincomemultipliedbytheparvalueofthecommonstock.D.operatingincomedividedbytheparvalueofthecommonstock.E.netincomedividedbytotalshareholders'equity.Difficultylevel:MediumTopic:EARNINGSPERSHAREType:DEFINITIONS17.Dividendspershareisequaltodividendspaid:A.dividedbytheparvalueofcommonstock.B.dividedbythetotalnumberofsharesoutstanding.C.dividedbytotalshareholders'equity.D.multipliedbytheparvalueofthecommonstock.E.multipliedbythetotalnumberofsharesoutstanding.Difficultylevel:MediumTopic:DIVIDENDSPERSHAREType:DEFINITIONS18.Whichofthefollowingareincludedincurrentassets?I.equipmentII.inventoryIII.accountspayableIV.cashA.IIandIVonlyB.IandIIIonlyC.I,II,andIVonlyD.IIIandIVonlyE.II,III,andIVonlyDifficultylevel:MediumTopic:CURRENTASSETSType:CONCEPTSChapter02-FinancialStatementsandCashFlow2-719.Whichofthefollowingareincludedincurrentliabilities?I.notepaya