Financial Statement Analysis Quiz

Financial Statement Analysis MCQs with Answers

Here you will find important MCQs with Answers

 

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A firm requires short-term funds to cover payroll expenses. These funds can come from:

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Which party has the primary responsibility for the financial statements?

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The primary objective in the management of accounts receivable is

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From the point of view of analysis, which classification of an audit opinion indicates that the financial statements carry the highest degree of reliability.

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Which of the following items would be classified as operating revenue or expense on an income statement of a manufacturing firm?

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A figure from this year’s statement is compared with a base selected from the current year.

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Which of the following is true when a cash dividend is declared and paid?

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Which of the following would be classified as an extraordinary item on the income statement?

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If a firm has a high current ratio but a low acid-test ratio, one can conclude that:

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Which of the following is a recurring item?

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Which of the following is true when a 10% stock dividend is declared and distributed?

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Which analysis compares each amount with a base amount for a selected base year?

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Selected year-end data for Bayer Company are as follows: Current liabilities $600,000 Acid-test ratio 2.5 Current ratio 3.0 Cost of sales $500,000 Bayer Company’s inventory turnover based on these year-end data is:

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Which of the following statements is incorrect?

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Management is a user of financial analysis. Which of the following comments does not represent a fair statement as to the management perspective?

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If the investor company owns 30% of the stock of the investee company and the investee company reports profits of $150,000, then the investor company reports equity income of :

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If assets are $40,000 and stockholders’ equity is $10,000, how much are liabilities?

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Investment instruments used to invest temporarily idle cash balances should have which of the following characteristics?

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