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Financial Statements Fundamentals Test (Upwork)
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Financial Statements Fundamentals Test (Upwork)
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25 Questions

1. Which of the following does NOT increase cash flows?
2. What does a company-™s debt-to-equity ratio describe?
3. On which Financial Statement(s) are Discontinued Operations reported?
4. Which of the following is not an element included in the statement of retained earnings?
5. What do the footnotes to financial statements typically provide?
6. Which component of a financial statement will tell you
7. Why would a creditor heavily scrutinize a company's statement of retained earnings?
8. Almost all financial statements use what form of accounting?
9. Which item does not depreciate?
10. Which of the following is NOT a component of the acronym EBITDA?
11. Analysis of risk has what intention?
12. What category would cash paid for taxes fall under?
13. Which of the following is NOT one of the four GAAP principles?
14. What agency does a publicly traded company file with if they sell stock?
15. Which of the following is NOT a potential off-balance-sheet liability?
16. The income statement is also called what?
17. On a balance sheet
18. A financial statement is a smaller piece of a much larger annual document submitted to the Securities Exchange Commission. What is the name of the document?
19. What does the statement of retained earnings tell you about a company's position?
20. How will a business acquisition typically impact a company-™s cash flow?
21. When profits are reinvested into the business
22. What is the objective of financial statement analysis?
23. Why would investors have an interest in a company's statement of retained earnings?
24. True or false? A declared dividend decreases shareholders-™ equity.
25. SOX stands for:

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