Finance 330 Test 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| In what statement does Sales revenue belong? | Income statement
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| In what statement does cost of goods sold belong? | Income statement
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| In what statement does Gross profits belong? | Income statement
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| In what statement does total operating expense belong? | Income statement
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| In what statement does selling expense belong? | Income statement
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| In what statement does general and admin expenses belong? | Income statement
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| In what statement does lease expense belong? | Income statement
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| In what statement does depreciation expense belong? | Income statement
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| In what statement does operating profits belong? | Income statement
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| In what statement does net profit before taxes belong? | Income statement
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| In what statement does interest expense belong? | Income statement
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| In what statement does net profits after taxes belong? | Income statement
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| Earnings available for common stockholders belongs in the... | Income statement
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| Preferred stock dividends belong in the... | income statement
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| What statement does Current assets belong? | Balance sheet
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| What statement does Cash belong in? | Balance sheet (Current assets)
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| In what statement does Marketable securities belong? | Balance sheet (Current assets)
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| In what statement does Accounts receivable belong? | Balance sheet (Current assets)
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| In what statement do Inventories belong? | Balance sheet (Current assets)
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| In what statement will you see Gross fixed assets? | Balance sheet
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| In what statement does Land and buildings belong? | Balance sheet (Fixed asset)
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| In what statement does Machinery and equipment belong? | Balance sheet (Fixed asset)
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| In what statement does furniture and fixtures belong? | Balance sheet (Fixed asset)
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| In what statement do vehicles belong? | Balance sheet (Fixed asset)
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| Accumulated depreciation is found in what statement? | Balance sheet
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| Net fixed assets is found in the | Balance sheet
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| Assets = | liability + equity
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| Current liabilities is in the | Balance sheet (Liab. & stockholders equity)
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| What statement will you find accounts payable? | Balance sheet (Current liability)
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| What statement will you find notes payable? | Balance sheet (current liability)
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| What statement do accruals belong in? | Balance sheet (Current liability)
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| Long term debt found on the | balance sheet
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| Stockholders equity is in the | balance sheet
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| 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
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| Total liabilities and stockholders equity found on the | balance sheet
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| Liquidity ratios are | Current ratio
Quick ratio
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| Inventory turnover | cost of goods sold/Inventory
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| Average collection period | accounts receivable/average sales per day
accounts receivable/annual sales/365
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| Total asset turnover | Sales/total assets
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| Average payment period | Accounts payable/average purchases per day
accounts payable/annual purchases/365
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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.
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escha81
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