Reference no: EM131555021

Assignment:Comprehensive Financial Statement Analysis

The questions are based on Yahoo! 2015 Annual Report.

QUESTION 1
"According to the company's expense recognition note, we capitalize advertising and promotional costs." True.
False

QUESTION 2
"The company's earned operating revenues for the most recent reporting period were S4,968.301,000"
True.
False

QUESTION 3
Which of the company's expense accounts on the most recent income statement includes prepaid expenses? 'Restructuing charges, net'
Goodwill impairment charge
Amortization of intangibles
All of the above
Unable to determine with information available

QUESTION 4
Which of the company's balance sheet accounts represents tuture cash inflows from customers for revenue already earned?
Accounts receivable
Prepaid expenses and other curent assets Deferred revenue

QUESTION 5
"The company's most recent balance sheet states deferred revenue of $134,031,000. This deferred revenue amount is included in the revenue account on the company's most recent income statement.
True
False

QUESTION 6
Which of the company's balance sheet accounts represents future cash outflows for expenses already incurred?
Accounts payable
Accounts receivable
Prepaid expenses and other current assets Deferred revenue

QUESTION 7
Which of the company's balance sheet accounts represents expenses that will appear on next year's income statement?
Accounts receivable
Prepaid expenses and other curent assets Accounts payable

QUESTION 8
Does the operating activities of the company's most recent statement of cash flows include cash inflows from revenues that were accrued at the end of the most recent reporting period?
Yes.
No.

QUESTION 9
The amount of cash that the company had collected from customers in advance of providing goods and services that will be earned revenue on next year's income statement was:
1134.031.000
$934,658,000 $602.792,000 11.047,504,000

QUESTION 10
According to the company's revenue recognition note, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability of the related fee is reasonably assured.
True