Reference no: EM132249749
1. Which of the following is the equation form of earnings before taxes (EBT)?
liabilities + owner's equity
gross profit - operating expenses
operating profit - other revenues and expenses
variable cost per unit × sales quantity
income - COGS
2. Which of the following is a cash outflow from operating activities?
Purchase of debt or equity
Payment of dividends
Payments for taxes
Purchase of plant, property, and equipment
Redemption of capital stock
3. Which of the following is a cash outflow from financing activities?
Payments for taxes
Purchase of debt or equity
Purchase of plant, property, and equipment
Payments to employees
Payment of dividends
4. A balance sheet:
examines a business's assets, liabilities, and owner's equity at some particular point in time.
attempts to identify cash flows into a firm and cash flows from a firm for some future period.
examines the reinvested income in a business and which has not been paid out to shareholders as dividends.
examines the overall profitability of a firm over a particular period of time.
examines cash inflows and cash outflows for a business during a specified period of time.