题目内容

Providing information about the performance of a company, its financial position, and changes in financial position that is useful to a wide range of users is most accurately described as the role of:

A. Financial reporting
B. The auditors report.
C. Financial statement analysis

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Epsilon Inc., a U.S. based company, must pay ¥1,000,000,000 to its Japanese component supplier in 3 months. Epsilon approaches a dealer and enters into a USD/JPY currency forward contract, containing

A. The dealer will deliver yen on expiration.
B. The amount of USD exchanged for JPY is determined at expiration.
C. Epsilon may receive or pay JPY,depending on the exchange rate at expiration.

The financial statement that would be most helpful to an analyst in understanding the changes that have occurred in a companys retained earnings over a year is the statement of:

A. Changes in equity
B. Financial position
Comprehensive income

The type of voting in board elections that is most beneficial to shareholders with a small number of shares is best described as:

A. Statutory voting.
B. Voting by proxy.
Cumulative voting.

An analyst reviews a corporate bond indenture that contains these two covenants:
1) The borrower will pay interest semi-annually and principal at maturity.
2) The borrower will not incur additAn analyst reviews a corporate bond indenture that contains these two covenants:
1) The borrower will pay interest semi-annually and principal at maturity.
2) The borrower will not incur addit

A. Both are affirmative covenants.
B. Covenant 1 is negative and Covenant 2 is affirmative.
Covenant 1 is affirmative and Covenant 2 is negative.

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