Financial Statements
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Balance Sheet | On the left side of the sheet is the firm's assets, and on the right side is the firm's equity and liabilities against the assets.
🗑
|
||||
| Income Statement | Reports the results of operations over a period of time and shows the earnings per share at the bottom.
🗑
|
||||
| Statement of Retained Earnings | Shows the change in retained earnings between the balance sheet dates.
🗑
|
||||
| Operating Cash | Investors should be more interested in the projected cash flows then in reported earnings.
🗑
|
||||
| Cash Flow Cycle | Way actual net cash flows into or out of a firm during a specific time.
🗑
|
||||
| Statement of Cash Flows | Reports the impact of operating, investing, and financing activities on cash flows.
🗑
|
||||
| Value | Depends on the stream of after tax cash flows the firm produces.
🗑
|
||||
| Income Tax Rates | The higher one's income is, the larger the percentage paid in taxes.
🗑
|
||||
| Assets | Assets such as stocks, bonds, and real estate are defined as capital assets. When an asset is sold for more than its cost, it becomes a capital gain. When money is lost it is capital loss.
🗑
|
||||
| Operating Income | Operating income paid out as dividends is subject to double taxation: first taxed at the cooperate level, and then shareholders must pay personal taxes.
🗑
|
||||
| Interest Income | taxed as ordinary income, however 70% of the dividends received from another cooperation are excluded.
🗑
|
||||
| Cooperate Operating Income | Can be carried back to each of the past three years and carried forward for the next 15 years to offset taxable income in those years.
🗑
|
||||
| S Cooperations | Small businesses which have limited liability benefits of a cooperate organization yet have the benefits of being taxed only once like a partnership.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
mholland2228
Popular Finance sets