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Fin 330 #1
Finance 330 Test 1
Question | Answer |
---|---|
In what statement does Sales revenue belong? | Income statement |
In what statement does cost of goods sold belong? | Income statement |
In what statement does Gross profits belong? | Income statement |
In what statement does total operating expense belong? | Income statement |
In what statement does selling expense belong? | Income statement |
In what statement does general and admin expenses belong? | Income statement |
In what statement does lease expense belong? | Income statement |
In what statement does depreciation expense belong? | Income statement |
In what statement does operating profits belong? | Income statement |
In what statement does net profit before taxes belong? | Income statement |
In what statement does interest expense belong? | Income statement |
In what statement does net profits after taxes belong? | Income statement |
Earnings available for common stockholders belongs in the... | Income statement |
Preferred stock dividends belong in the... | income statement |
What statement does Current assets belong? | Balance sheet |
What statement does Cash belong in? | Balance sheet (Current assets) |
In what statement does Marketable securities belong? | Balance sheet (Current assets) |
In what statement does Accounts receivable belong? | Balance sheet (Current assets) |
In what statement do Inventories belong? | Balance sheet (Current assets) |
In what statement will you see Gross fixed assets? | Balance sheet |
In what statement does Land and buildings belong? | Balance sheet (Fixed asset) |
In what statement does Machinery and equipment belong? | Balance sheet (Fixed asset) |
In what statement does furniture and fixtures belong? | Balance sheet (Fixed asset) |
In what statement do vehicles belong? | Balance sheet (Fixed asset) |
Accumulated depreciation is found in what statement? | Balance sheet |
Net fixed assets is found in the | Balance sheet |
Assets = | liability + equity |
Current liabilities is in the | Balance sheet (Liab. & stockholders equity) |
What statement will you find accounts payable? | Balance sheet (Current liability) |
What statement will you find notes payable? | Balance sheet (current liability) |
What statement do accruals belong in? | Balance sheet (Current liability) |
Long term debt found on the | balance sheet |
Stockholders equity is in the | balance sheet |
Under stockholder equity on the balance sheet you will find | Preferred stock Common stock Paid in capital in excess of par on com stock Retained earnings |
Total liabilities and stockholders equity found on the | balance sheet |
Liquidity ratios are | Current ratio Quick ratio |
Inventory turnover | cost of goods sold/Inventory |
Average collection period | accounts receivable/average sales per day accounts receivable/annual sales/365 |
Total asset turnover | Sales/total assets |
Average payment period | Accounts payable/average purchases per day accounts payable/annual purchases/365 |