QUESTION 40 The focal point of financial management in a firm is: a. the dollars profits...

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QUESTION 40 The focal point of financial management in a firm is: a. the dollars profits earned by the firm. O b. the number and types of products or services provided by the firm. O c. the minimization of the amount of taxes paid by the firm. O d. the creation of value for shareholders. QUESTION 41 According to the Financial Accounting Standards Board (FASB), which of the following is a cash flow from a "financing activity? a. cash outflow to the government for taxes. b. cash outflow to lenders as interest. c. cash outflow to purchase bonds issued by another company. d. cash outflow to shareholders as dividends. QUESTION 42 Which of the following is NOT a cash outflow for the firm? a. interest payments. b. dividends. c. depreciation. d. taxes. QUESTION 40 The focal point of financial management in a firm is: a. the dollars profits earned by the firm. O b. the number and types of products or services provided by the firm. O c. the minimization of the amount of taxes paid by the firm. O d. the creation of value for shareholders. QUESTION 41 According to the Financial Accounting Standards Board (FASB), which of the following is a cash flow from a "financing activity? a. cash outflow to the government for taxes. b. cash outflow to lenders as interest. c. cash outflow to purchase bonds issued by another company. d. cash outflow to shareholders as dividends. QUESTION 42 Which of the following is NOT a cash outflow for the firm? a. interest payments. b. dividends. c. depreciation. d. taxes.