FIN621 SPECIAL 2016 ASSIGNMENT FIN621 QUIZ 1

Jun 9th, 2016
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Question 1) Statement of financial position (commonly referred to as) a) Balance Sheet b) Income Statement c) Statement of Cash Flows d) Statement of Owners’ Equity 2) A financial Statement that describes where the enterprise stands at a specific date is. a) Balance Sheet b) Income Statement c) Statement of Cash Flows d) Statement of Owner’s Equity 3) Income statement is an activity statement that depicts the revenues and expenses for a designated period of time a) Balance Sheet b) Income Statement c) Statement of Cash Flows d) Statement of Owner’s Equity 4) A statement particularly important in understanding an enterprise for purpose of investment and credit decisions is a) Balance Sheet b) Income Statement c) Statement of Cash Flows d) Statement of Owner’s Equity 5) Which of the following is not a user of internal accounting information? a) Store Manager b) Chief executive officer c) Creditor d) Chief financial officer 6) Purpose of an accounting system includ

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FIN621 Special 2016 Assignment FIN621 Quiz 1Report this Question as InappropriateQuestion1) Statement of financial position (commonly referred to as)a) Balance Sheetb) Income Statementc) Statement of Cash Flowsd) Statement of Owners Equity2) A financial Statement that describes where the enterprise stands at a specific date is.a) Balance Sheetb) Income Statementc) Statement of Cash Flowsd) Statement of Owners Equity3) Income statement is an activity statement that depicts the revenues and expenses for adesignated period of timea) Balance Sheetb) Income Statementc) State

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