1. What financial statement would you look at to determine the dividends declare by a business?

A. Income statement

B. Statement of Stockholder's Equity

C. Statement of cash flows

D. Balance sheet

2. Which of the following would not be found on the statement of cash flows?

A. Cash flow from operating activities

B. Cash flow from manufacturing activities

C. Cash flow from financing activities

D. Cash flow from investing activities

3. An examination of the financial statements of a business to ensure that they conform to generally accepted accounting principles is called

A. A certification

B. An audit

C. A verification

D. A validation

4. Larson Company ends its recent year of operations with $3,500,000 in retained earnings. During the year Larson's net income exceeded its dividend declarations by $200,000. Larson's dividend declarations were $25,000 greater than the dividend payments. How much was Larson Company's beginning retained earnings?

A. 3,300,000

B. 3,500,00

C. 3,700,000

D. Any other amount

5. Which of the following is primarily responsible for the information provided in the financial statements?

A. Chief Executive Officer (CEO)

B. External Auditors

C. Board of Directors

D. Internal Accounting Staff

Answer rating: 100% (QA)

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