1) An investor who is looking at a company's financial statements cannot determine whether the:...
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Accounting
1) An investor who is looking at a company's financial statements cannot determine whether the:
A) company's earnings are rising or falling.
B) company pays a dividend.
C) company has positive cash flow.
D) company's owners are financially sound.
2) Amounts earned by selling goods or services to customers are called:
revenues.
expenses.
dividends.
common stocks.
3) A cost of doing business is referred to as a(n) ______ and is considered necessary to earn ______.
revenue; assets
expense; revenue
liability; expenses
dividend; revenue
4) The obligations and debts of a business are referred to as:
equities.
assets.
dividends.
liabilities.
5) The WC Company borrowed $26,500 from a bank during the year. This borrowing would be reported on the statement of cash flows as a(n):
investing activity in the amount of ($26,500).
financing activity in the amount of ($26,500).
investing activity in the amount of $26,500.
financing activity in the amount of $26,500.
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