Financial Statement Analysis: Balance Sheet Structure, Income Statement Formats and Disclosures

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Finance - Personal Finance

michael1tekrzp Created by 10 mon ago

Cards in this deck(66)

Which of the following is NOT part of the full set of financial statements?

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What type of balance sheet distinguishes between current and non-current assets and liabilities?

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Which of the following is considered an expense related to inventory?

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What is the unexpired cost of insurance classified as on the balance sheet?

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Depreciation expense affects which of the following values on the balance sheet?

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The unexpired cost of patents is classified as what type of asset?

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How are gains and losses reported in financial statements?

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Which income statement format reports operating revenues and expenses separately from non-operating revenues and expenses?

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In which type of income statement are total expenses subtracted from total revenues without separation?

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Which of the following is included in the gain (loss) from discontinued operations?

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When is a gain recognized for a subsequent increase in fair value?

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Where is a disposal reported in financial statements?

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What does a disposal represent in terms of a strategic shift?

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What are the exchange rates in the direct and indirect methods?

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How is the original transaction recorded in a foreign currency operating transaction?

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How is the gain or loss on a foreign currency transaction computed at the balance sheet date?

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On the payment date, how is the gain/loss on a foreign currency transaction computed?

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What does comprehensive income include?

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What is the formula for calculating comprehensive income?

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How are year-end closing entries for comprehensive income recorded?

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What are the disclosure requirements for comprehensive income?

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What are the reporting statements for comprehensive income?

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What does the acronym PUFI stand for in the context of OCI?

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What happens when the domestic currency (USD) appreciates?

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What happens when the domestic currency (USD) depreciates?

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What is the filing deadline for Form 10-K for large accelerated filers?

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What is the filing deadline for Form 10-Q for large accelerated and accelerated filers?

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What is the purpose of Form 8-K?

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What is the formula for calculating Basic EPS?

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How is the Weighted Average Number of Common Shares Outstanding (WASCO) calculated?

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Which of the following are considered potential dilutive securities?

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What is the formula for calculating Diluted EPS?

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What is the effect of antidilution on Earnings per Share?

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How is Common Shareholders' Equity calculated?

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What rights are associated with common stock?

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How is the book value per share calculated?

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Which properties are associated with preferred stock?

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What is the formula for calculating Retained Earnings?

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What is treasury stock?

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What are the two methods for accounting for treasury stock?

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What is the journal entry for the original issue of stock using the cost method?

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What is the journal entry for buying back stock above the issue price using the cost method?

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What is the journal entry for reissuing stock above cost using the cost method?

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What is the journal entry for reissuing stock below cost using the cost method?

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What is the journal entry for the retirement of treasury stock using the cost method?

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What is the journal entry for the original issue of stock using the par method?

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What is the journal entry for buying back stock above the issue price using the par method?

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What is the journal entry for buying back stock below the issue price using the par method?

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What is the journal entry for reissuing shares using the par method?

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What is the journal entry for the retirement of treasury stock using the par method?

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What is the journal entry for stock issued above par value?

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What is the journal entry for stock issued below par value?

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What is the journal entry for stock issued at par?

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What is the journal entry for donated stock received?

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What is the journal entry if the donated stock is sold?

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What is the journal entry for subscriptions receivable?

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What is the journal entry for the collection of subscriptions?

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What is the journal entry for exercising stock rights?

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What are the important dates for cash dividends?

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What is the journal entry on the date of declaration for cash dividends?

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Which of the following is NOT a type of dividend?

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How are small and large stock dividends recorded?

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What is the journal entry for a small stock dividend?

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What is the journal entry for the declaration of a large stock dividend?

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What is the journal entry for the distribution of a large stock dividend?

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What changes occur in a stock split?

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