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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Definitional problems: Listed are eight terms that relate to financial statements:
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1. Balance-sheet statement
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2. Income statement
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3. Cash-flow statement
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4. Operating activities
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5. Investment activities
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6. Financing activities
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7. Treasury account
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8. Capital account Choose the term from the list that most appropriately completes each of the following statements:
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* As an outside investor, you would view a firm's ________as the most important financial report for gauging the quality of earnings.
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* Retained earnings as reported in the________ represent income earned by the firm in past years that has not been paid out as dividends. SJ The is designed to show how a firm's operations have affected its cash position by providing actual net cash flows into or out of the firm during some specified period.
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* Typically, a firm's cash flow statement is categorized into three activities: ________, and ________
* When you issue stock, the money raised beyond the par value is shown in the in the balance-sheet statement
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