D196 Module 3 | questions and answers
The U.S. government agency charged with regulating financial
What is the Securities and Exchange
markets and ensuring the availability of reliable financial
Commission (SEC)?
information.
3 multiple choice options
Which resource or tool is used EDGAR 3 multiple choice options
to identify unique companies in
the SEC's 10-K filing database?
How often is the Form 10-Q filed? Quarterly 3 multiple choice options
How often is the Form 10-K filed? Annually 3 multiple choice options
Why does the balance sheet not Many assets are recorded at cost, and some economic assets are not
reflect the current value or worth recorded at all.
of a company?
3 multiple choice options
Which statement best A balance sheet portrays the financial condition of a company at a point in
characterizes the elements and time.
purposes of a balance sheet?
3 multiple choice options
The residual amount representing the net assets available to
What is owners' equity? another party after all obligations have been satisfied
3 multiple choice options
,What information should be Assets and liabilities 3 multiple choice options
included on the balance sheet?
The amount by which revenues The amount by which revenues exceed expenses 3 multiple choice options
exceed expenses is called:
Making money from an activity outside the normal activities of a business
What is a gain?
3 multiple choice options
A report of the revenues and expenses of a company during a period
What is an income statement?
3 multiple choice options
, Which statement best A statement of retained earnings portrays the accumulated profits
characterizes the elements and or losses of a company at a point in time.
purposes of a statement of 3 multiple choice options
retained earnings?
Which of these activities is an Buying buildings 3 multiple choice options
investing activity?
Which of these activities is an Selling goods 3 multiple choice options
operating activity?
A report of the operating, investing, and financing cash flows of a
What is a statement of cash flows? company over a period of time
3 multiple choice options
Why do the notes to the Because one summary number in the financial statements represents
financial statements contain literally thousands of individual items
additional information about 3 multiple choice options
summary totals?
Why do the notes to the Because accounting involves making assumptions, estimates, and judgments
financial statements contain a
summary of significant 3 multiple choice options
accounting policies?
Information about accounting The notes to the financial statements 3 multiple choice options
policies and practices, including
assumptions, estimates, and
The U.S. government agency charged with regulating financial
What is the Securities and Exchange
markets and ensuring the availability of reliable financial
Commission (SEC)?
information.
3 multiple choice options
Which resource or tool is used EDGAR 3 multiple choice options
to identify unique companies in
the SEC's 10-K filing database?
How often is the Form 10-Q filed? Quarterly 3 multiple choice options
How often is the Form 10-K filed? Annually 3 multiple choice options
Why does the balance sheet not Many assets are recorded at cost, and some economic assets are not
reflect the current value or worth recorded at all.
of a company?
3 multiple choice options
Which statement best A balance sheet portrays the financial condition of a company at a point in
characterizes the elements and time.
purposes of a balance sheet?
3 multiple choice options
The residual amount representing the net assets available to
What is owners' equity? another party after all obligations have been satisfied
3 multiple choice options
,What information should be Assets and liabilities 3 multiple choice options
included on the balance sheet?
The amount by which revenues The amount by which revenues exceed expenses 3 multiple choice options
exceed expenses is called:
Making money from an activity outside the normal activities of a business
What is a gain?
3 multiple choice options
A report of the revenues and expenses of a company during a period
What is an income statement?
3 multiple choice options
, Which statement best A statement of retained earnings portrays the accumulated profits
characterizes the elements and or losses of a company at a point in time.
purposes of a statement of 3 multiple choice options
retained earnings?
Which of these activities is an Buying buildings 3 multiple choice options
investing activity?
Which of these activities is an Selling goods 3 multiple choice options
operating activity?
A report of the operating, investing, and financing cash flows of a
What is a statement of cash flows? company over a period of time
3 multiple choice options
Why do the notes to the Because one summary number in the financial statements represents
financial statements contain literally thousands of individual items
additional information about 3 multiple choice options
summary totals?
Why do the notes to the Because accounting involves making assumptions, estimates, and judgments
financial statements contain a
summary of significant 3 multiple choice options
accounting policies?
Information about accounting The notes to the financial statements 3 multiple choice options
policies and practices, including
assumptions, estimates, and
