In the annual report where would a financial statement

Reference no: EM13596854

1.Assume the following sales data for a company:
2010 $700000
2011 $600000
What is the percentage increase in sales from 2009 to 2010? (To the nearest percent.)
a. 117%
b. 17%
c. 14%
d. 114%

2. In a common size financial statement, which of the following is given a percentage of 100 percent?
a. Total liabilities
b. Net income
c. Net sales
d. Property, Plant and Equipment

3. In horizontal analysis each item is expressed as a percentage of the
a. base year figure.
b. latest year.
c. total assets.
d. net income figure

4. The independent auditors do which of the following?
a. describe which financial statements are covered by the audit.
b. examine and verify management's conclusions regarding the adequacy of its internal control.
c. summarize what the auditor did.
d. state that the financial statements are truthful.

5. An annual report includes all of the following except:
a. notes to the financial statements.
b. management discussion and analysis section.
c. salary information for the key executives.
d. an auditor's report.

6. In the annual report, where would a financial statement reader find out if the company's financial statements give a fair depiction of its financial position and operating results?
a. in the notes to the financial statements
b. in the management discussion and analysis section
c. in the balance sheet
d. in the auditor's report on the fairness of the financial statements

Reference no: EM13596854

Questions Cloud

The batson corporation issued 800000 of 12 face value : the batson corporation issued 800000 of 12 face value bonds for 851705.70. the bonds were dated and issued on april 1

On april 1 the corporation bought a truck for 50000 from : 1. on february 2 the corporation purchased goods from martin company for 70000 subject to cash discount terms of 210

Of sharpes sales 10 percent is for cash another 60 percent : of sharpes sales 10 percent is for cash another 60 percent is collected in the month following the sale and 30 percent

On january 1 2010 sandro signed an agreement to operate as : 1. on january 1 2010 sandro signed an agreement to operate as a franchisee of hsian copy service inc. for an initial

In the annual report where would a financial statement : 1.assume the following sales data for a company 2010 700000 2011 600000 what is the percentage increase in sales from

Write a net ionic equation for the reaction between aqueous : write a net ionic equation for the reaction between aqueous solutions of ammonia and hydrofluoric

Assume that direct labor is a variable cost of the fixed : iwasaki inc. is considering whether to continue to make a component or to buy it from an outside supplier. the company

Write a net ionic equation for the reaction between aqueous : write a net ionic equation for the reaction between aqueous solutions of perchloric acid and rubidium

We want to prepare a buffer of ph 85643 by adding hcn and : we want to prepare a buffer of ph 8.5643 by adding hcn and nacn to 1.860 l of solution. what is the ratio of hcn to

User Account

All Pages