兹维博迪金融学第二版试题库3TB(1).doc

ChapterThree

ManagingFinancialHealthandPerformance

Thischaptercontains62multiplechoicequestions,19shortproblemsand9longerproblems.

MultipleChoice

1.Foracorporation,networthiscalled

(a)netincome

(b)assets

(c)stockholdersequity

(d)retainedearnings

Answer:(c)

2.Onacompanyspublishedbalancesheet,thevalueofassets,liabilitiesandnetworth,aremeasuredat

(a)expectedmarketvalue

(b)currentbookvalue

(c)currentmarketvalue

(d)historicalacquisitioncosts

Answer:(d)

3.AnyU.S.ornon-U.S.companythatwishestolistitssharesonaU.S.exchangemustregularlyreportitsactivitiesbyfilingfinancialstatementswiththe

(a)SEC

(b)NYSE

(c)GAAP

(d)AMEX

Answer:(a)

4.Noncurrentassetstypicallyconsistof

(a)accountspayable

(b)receivablesandinventories

(c)cashandmarketablesecurities

(d)property,plant,andequipment

Answer:(d)

5.Thedifferencebetweenafirmscurrentassetsanditscurrentliabilitiesiscalled

.

(a)networth

(b)networkingcapital

(c)netincome

(d)stockholdersequity

Answer:(b)

6.isthedifferencebetweenrevenuesandcostofgoodssold.

(a)Operatingincome

(b)Grossmargin

(c)Taxableincome

(d)Changeinretainedearnings

Answer:(b)

7.isthedifferencebetweengrossmarginandGSAexpenses.

(a)Operatingincome

(b)Grossmargin

(c)Taxableincome

(d)Netincome

Answer:(a)

8.Althoughitdiffersfromtheincomestatement,thestatementofcashflowsisausefulsupplementtotheincomestatementbecause:

(a)itfocusesattentiononwhatishappeningtothefirmscashpositionovertime

(b)itavoidsthejudgmentsaboutrevenueandexpenserecognitionthatgointotheincome

statement

(c)itisinfluencedbyaccrualaccountingdecisions

(d)(a)and(b)

Answer:(d)

9.Onthestatementofcashflows,thepurchaseofnewplantandequipmentrepresentsa

(a)cashflowfromoperatingactivity

(b)ca