All MCQs Tests - VU FIN621 - Financial Statement Analysis

Question 1: Which of the following represents the negative future cash flows for an enterprise?

Question 2: Which of the following is deducted from the net income while preparing cash flow statement by indirect method?

Question 3: All of the following accounts would be closed in Income Summery Account EXCEPT:

Question 4: Which of the following expenses would normally be classified as other or Non Operating Expense on a multiple-step income statement?

Question 5: Which of the following is not true about the Account?

Question 6: Which of the following is the largest single expense of most merchandising firms?

Question 7: An account that will not be included in After Closing Trial Balance is:

Question 8: If a company has paid dividends on its preference shares, under which one of the cash flow statement headings would they appear?

Question 9: Which of the following account would NOT be closed to the income summary account at the end of a period?

Question 10: Which of the following is NOT one of the four basic financial statements?