- Income statement
- Balance sheet
- Cash flow statement
- Statement of changes in equity
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Ten new television shows appeared during the month of September. Five of the shows were sitcoms, three were hour-long dramas, and two were news-magazine shows. By January, only seven of these new shows were still on the air. Five of the shows that remained were sitcoms.?
Answer: Option 3 If there were seven shows left and five were sitcoms, this means that only two of the shows could possibly be dramas. Choices a and b may...
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Which of the following financial statements shows the financial position of a business at a specific date?
Answer: Option 1 Balance sheet financial statements shows the financial position of a business at a specific date. The balance sheet, sometimes called the statement of financial position, lists the...
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Which of the following financial statements shows the movement of cash and cash equivalents during an accounting period?
Answer: Option 3 Cash flow statement shows the movement of cash and cash equivalents during an accounting period. A cash flow statement, also known as statement of cash flows or...
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Which of the following financial statements show the financial health of an organisation at a stated point of time?
Answer: Option 1 Balance sheet financial statements show the financial health of an organisation at a stated point of time. A balance sheet is a financial statement that reports a...
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A company specializing in producing mass market cars acquires a company which specializes in financial services. The new company can now offer financial services to its car purchasers. What form of diversification is this?
Answer: Option 2 A company specializing in producing mass market cars acquires a company which specializes in financial services. The new company can now offer financial services to its car...
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What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
Answer: Option 3 Performance measurement best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives. Performance measurement is generally defined as...
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American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of:?
Answer: Option 2 American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of Unit of measurement concept.
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : No budgetary provision for the purpose of appointing additional faculty would be made in the context of institute's changed financial priorities. Assumptions : I. Appointment of faculty requires funds. II. There are areas other than appointment of faculty which require more financial attention.?
Answer: Option 5 The phrase 'budgetary provision for the purpose of appointing additional faculty' makes I implicit. Also, since no budgetary provision was provided for appointment of faculty in view...
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Rita, an accomplished pastry chef who is well known for her artistic and exquisite wedding cakes, opened a bakery one year ago and is surprised that business has been so slow. A consultant she hired to conduct market research has reported that the local population doesn't think of her shop as one they would visit on a daily basis but rather a place they'd visit if they were celebrating a special occasion. Which of the following strategies should Rita employ to increase her daily business?
Answer: Option 3 This is the only option that would encourage people to think of the bakery as a shop they would visit regularly and not just on special occasions.
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Which of the following is not a mathematical method for evaluation of profitability of a chemical process plant?
Answer: Option 1 Let'
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