Multiple Choice Questions
1. Which of the following use financial statement data to make decisions?
a. Customers
b. Investors
c. Suppliers
d. All of these
2. Which statement would best provide information about a company’s current liquidity?
a. Balance sheet
b. Income statement
c. Statement of cash flows
d. None of these
3. A banker is analyzing a company that operates in the petroleum industry. Which of the following might be a major consideration in determining whether the company should receive a loan?
a. The petroleum industry suffers from political pressures concerning the selling price of its products.
b. Inflation has been high for several years in a row.
c. All companies in the petroleum industry use the same accounting principles.
d. The company has a large amount of interest payments related to many outstanding loans.
4. Which of the following filings includes unaudited financial statements, provides a continuing view of the corporation’s financial position during the year, and must be filed for each of the first three fiscal quarters of the corporation’s fiscal year?
a. 8-K
b. 10-K
c. 10-Q
d. Form 13F
5. Which of the following filings is known as the ‘‘current report’’ that companies must file with the SEC to announce major events that are important to investors and creditors?
a. 8-K
b. 10-K
c. 10-Q
d. Form 13F
6. Which section of the Form 10-K includes an analysis of the company’s financial condition and performance of the company?
a. Item 4—Submission of Matters to Vote
b. Item 5—Market for Common Stock
c. Item 6—Selected Financial Data
d. Item 7—Management Discussion and Analysis
7. Which of the following are required to be included in the Form 10-K?
a. A list of all financial statements and exhibits required to be filed
b. The name of every person or group who owns more than 5 percent of a class of stock
c. Information on the salary and other forms of compensation paid to executive officers and directors
d. All of the above
8. Which type of analysis compares a single corporation across time?
a. Cross sectional analysis
b. Time series analysis
c. Timetable analysis
d. Company analysis

  • CreatedSeptember 22, 2015
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