A100 Test 1 Questions with Correct Answers
Business Activities - CORRECT ANSWER -Financing, Investing, Operating
types of financing - CORRECT ANSWER -equity investors or debt investors
Equity Investors - CORRECT ANSWER -•stockholders
•hope to receive dividends or increase in stock price
•public versus private company
debt investors - CORRECT ANSWER -•creditors of the business
•expect principal and interest payments
Securities & Exchange Commission (SEC) - CORRECT ANSWER -•est. in 1933
•requires of public companies:
-form 10-k (annually)
-form 10-Q (quarterly)
- audited financial statements (annually) by an "independent auditor"
dividens - CORRECT ANSWER -company pays stockholders when there's extra
money
Business Activities - CORRECT ANSWER -Financing, Investing, Operating
types of financing - CORRECT ANSWER -equity investors or debt investors
Equity Investors - CORRECT ANSWER -•stockholders
•hope to receive dividends or increase in stock price
•public versus private company
debt investors - CORRECT ANSWER -•creditors of the business
•expect principal and interest payments
Securities & Exchange Commission (SEC) - CORRECT ANSWER -•est. in 1933
•requires of public companies:
-form 10-k (annually)
-form 10-Q (quarterly)
- audited financial statements (annually) by an "independent auditor"
dividens - CORRECT ANSWER -company pays stockholders when there's extra
money