Analysis of Financial Statements MCQs

The Ratio Of Total Cash, Net Receivables And Marketable Securities To Current Liabilities Is.....?

Which Of The Following Items Would Be Classified As Operating Revenue Or Expense On An Income Statement Of A Manufacturing Firm?

Treasury Stock Is Best Classified As.......?

Which Of The Following Accounts Would NOT Usually Be Classified As A Current Liability?

Which One Of The Followings Accounts Would NOT Appear On Conventional Balance Sheet?

Audit Opinion Cannot By Classified As Which Of The Followings?

Which One Of The Followings Is A Temporary Account?

Identify The Permanent Account From The Followings?

If Assets Are $40,000 And Stockholders’ Equity Is $10,000, How Much Are Liabilities?

Balance Sheet Equation Can Be Defined As ......?

Which One Of The Followings Method Will Result Into The Highest First Year Depreciation For The Asset Having Five Years Useful Life?

Jeremy Enterprises Creates Allowances For Bad Debt Is Current Year, In Anticipation Of Probable Bad Debts.....?

Land Purchased 15 Years Ago For The $40,500 Is Now Worth $346,000; It Is Still Carried Out In The Book At $40,500 According To.....?

Purchases For Office Or Store Equipment For Less Than $25 Are Entered In Miscellaneous Expense According To .....?

Which Pronouncements Are NOT Issued By The Financial Accounting Standards Board?

Which Of The Following Indicates How Revenue Is Usually Recognized?

Which Of The Following Is NOT A Measurement Attribute Identifies In SFAC Number 5?

Which Of The Principle States That “Expenses Of One Period Should Be Deducted From The Revenue Of The Same Period” ?

..... Is The Residual Interest In The Assets Of An Entity That Remains After Deducting Its Liabilities?

The Statements That Provide A Theoretical Foundation Upon Which To Base GAAP Are Called......?