Indicate where each of the following items is reported on financial statements. Choose from the followingcategories: (a) current assets, (b) long-term investments, (c) current liabilities, (d) long-term liabilities,(e) other revenues and gains, ( f ) other expenses and losses, and (g) equity. Fair value adjustment—Trading

Business ratios of financial statements are generally categorized as one of the following areas, EXCEPT Select one: a. Leverage b. Profitability c. Net Present Value d. Liquidity e. Efficiency (or Activity)

Under IFRS, liabilities and shareholders' equity on the balance sheet usually appear in which order? Equity, noncurrent liabilities, and current liabilities O Equity, current liabilities, and noncurrent liabilities Current liabilities, noncurrent liabilities, and equity Noncurrent liabilities, current abilities, and equity

Define each of the following terms:a. Annual report; balance sheet; income statement; statement of cash flows; statement ofstockholders’ equityb. Stockholders’ equity; retained earnings; working capital; net working capital; net operatingworking capital (NOWC); total debtc. Depreciation; amortization; operating income; EBITDA; free cash flow (FCF)d. Net operating profit after taxes (NOPAT)e. Market value added (MVA); economic value added (EVA)f. Progressive tax; marginal tax rate; average tax rateg. Tax loss carryback; carryforward; alternative minimum tax (AMT)h. Traditional IRAs; Roth IRAsi. Capital gain (loss)j. S corporation

When should an average amount be used for the numerator or denominator? When the denominator is a balance sheet item or items. When a ratio consists of an income statement item and a balance sheet item. When the numerator is a balance sheet item or items. When the numerator is an income statement item or items.

8. Realized gains and losses on investments available for sale are reported a. as a current assetb. on the income statementc. on the balance sheet as part of stockholders' equityd. as a contra asset

Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets

How do we date our financial statements?   a Income Statement Specific date; Statement of Retained Earnings and Balance Sheet: Period of time.   b Income Statement Specific period of time; Statement of Retained Earnings and Balance Sheet: Specific date       c Income Statement and Statement of Retained Earnings: Specific date; Balance Sheet: Period of time.       d Income Statement and Statement of Retained Earnings: Period of time; Balance Sheet: Specific date.

The following are classified as current liabilities on the balance sheet: Inventory, Short-term Debt, and Deferred Revenue. Short-term Debt, Accounts Payable, and Deferred Revenue. Sales Taxes Payable, Current Operating Lease Liabilities, and Common Stock. Short-term Debt, Income Taxes Payable, and Land.