Free cash flow income measurements positive theory1 for

Assignment Help Business Management

Reference no: EM13364373

Free Cash Flow, Income Measurements, Positive theory

1. For this year, JJ company has 10,000 net earnings on income statement and 7,000 net cash inflow from operating activities, 5,000 net cash outflow from investing activities, and 2,000 cash outflow from financing activiies on the statement of cash flows. What is the free cash flow?
a. 5000
b. 3000
c. 15000
d. 2000

2. Which of the following statements is NOT TRUE?
a. For the income measurement, the are 2 approaches such as transaction and capital maintenance
b. The current GAAP is more based on the transaction approach
c. The transaction approach is more focused on the accounts on balance sheet
d. capital maintenance approach is more related to measurement problem, while transaction approach is more related to revenue recognition issue

3. Please choose the best definition of of positive theory in accounting
a. accepted principles and rules suggested by the FASB and SEC
b. systematic knowledge to justify how things should be
c. organized knowledge to explain observed phenomena in accounting context
d. structured knowledge applicable in a wide variety of circumstances

4. Which of the following is not true?
a. the comprehensive income should be reported on income statement
b. the comprehensive income shows the changes in firms' equity that net income does not show
c. the comprehensive income is defined as a "change in equity (net assets) of a business for a period
d. the comprehensive income should be reported by firm under US GAAP

Reference no: EM13364373

Questions Cloud

Organisation behaviourthe date on his iphone showed 17 oct : organisation behaviourthe date on his iphone showed 17 oct 2011. daniel ceo of abcbuy shuffled through some white

American recovery and reinvestment act of 2009identify a : american recovery and reinvestment act of 2009identify a clearer definition of risk and cost of capital for levered

Is consolidation practice consistent with entity theorycan : is consolidation practice consistent with entity theory?can someone please describe to me how the current practice for

Business management and human resourceswhich of these : business management and human resourceswhich of these theories resonates most with you and why? which of these theories

Free cash flow income measurements positive theory1 for : free cash flow income measurements positive theory1. for this year jj company has 10000 net earnings on income

Content theories and process theoriesshow some differences : content theories and process theoriesshow some differences between content theories and process theories include how

Important information about communication processthe : important information about communication processthe communication process is defined as having seven steps ideation

Using nonverbal communication to run an effective : using nonverbal communication to run an effective meetingexplain how can nonverbal communication help you run a

Business relations and communicationcase scenarioyou : business relations and communicationcase scenarioyou submitted what you thought was a masterful report to your boss

User Account

All Pages