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1. Info from the ( ) is used in preparing the main types of financial
statements used in financial management Answer: General Ledger
2. Which of the following charts a firms activities over a set period (of
time)? Answer: in- come statement
3. which of the following is true about cash flows? Answer: all of the
following Answer:
-managing cash flows is diflcult
-cash flows determine the value of a broadcast station or cable system
-increasing revenues while controlling expenses will increase cash flow
-lowering taxes will increase cash flow
4. a firms ability to convert assets into cash is its Answer: Answer:
liquidity
5. which of the following is NOT an example of an asset? Answer:
accounts receivable
6. which of the following a telecom/media manager will NOT consider
when she formulates the firm's financial goals? Answer: None of the
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