Analysis for Financial Management 12Th Edition
BY Robert Higgins - Test Bank Chapter (1 to 9)
1-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
,Content: _
Chapter 01: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 02: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 03: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 04: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 05: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 06: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 07: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 08: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 09: Analysis for Financial Management 12Th Edition BY Robert
Higgins
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
, Chapter 01 Test Bank
1. Current liabilities are defined as liabilities with a maturity of less than one year.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
2. A decline in the Net fixed assets account between year-end 2016 and year-end 2017 is a
clear indication that fixed assets were sold during 2017.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Gradable: automatic
3. When reporting financial performance for tax purposes, U.S. companies prefer to use
accelerated depreciation methods over the straight-line method.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Gradable: automatic
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
, 4. Accounting rules require U.S. companies to depreciate research and development (R&D)
expenditures using the straight-line method.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
5. You can construct a sources and uses statement for 2017 if you have a company’s year-
end balance sheets for 2017 and 2018.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
6. A reduction in long-term debt is a use of cash.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatics
7. The accrual principle requires that revenue not be recognized until payment from a sale
is received.
1-4
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
BY Robert Higgins - Test Bank Chapter (1 to 9)
1-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
,Content: _
Chapter 01: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 02: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 03: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 04: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 05: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 06: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 07: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 08: Analysis for Financial Management 12Th Edition BY Robert
Higgins
Chapter 09: Analysis for Financial Management 12Th Edition BY Robert
Higgins
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
, Chapter 01 Test Bank
1. Current liabilities are defined as liabilities with a maturity of less than one year.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
2. A decline in the Net fixed assets account between year-end 2016 and year-end 2017 is a
clear indication that fixed assets were sold during 2017.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Gradable: automatic
3. When reporting financial performance for tax purposes, U.S. companies prefer to use
accelerated depreciation methods over the straight-line method.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Gradable: automatic
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
, 4. Accounting rules require U.S. companies to depreciate research and development (R&D)
expenditures using the straight-line method.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
5. You can construct a sources and uses statement for 2017 if you have a company’s year-
end balance sheets for 2017 and 2018.
FALSE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatic
6. A reduction in long-term debt is a use of cash.
TRUE
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Gradable: automatics
7. The accrual principle requires that revenue not be recognized until payment from a sale
is received.
1-4
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw-Hill Education.
