For a nonfinancial firm, are depreciation expense and interest expense included or excluded from operating expenses in the income statement？
Depreciation expense Interest expenseFor a nonfinancial firm, are depreciation expense and interest expense included or excluded from operating expenses in the income statement？
Depreciation expense Interest expense
A. Included Included
B. Included Excluded
C. Excluded Included
查看答案
Which of the following ratios are used to measure a firms liquidity and solvency？
Liquidity SolvencyWhich of the following ratios are used to measure a firms liquidity and solvency？
Liquidity Solvency
A. Current ratio Quick ratio
B. Debt-to-equity ratio Financial leverage ratio
Cash ratio Total debt ratio
All other things held constant, which of the following transactions will increase a firms current ratio if the ratio is greater than one？
Accounts receivable are collected and the funds received are deposited in the firms cash account.
B. Fixed assets are purchased from the cash account.
C. Accounts payable are paid with funds from the cash account.
Which of the following statements about analyzing the balance sheet is most accurate？
A. The value of the firms reputation is reported on the balance sheet at amortized cost.
B. Shareholders equity is equal to the intrinsic value of the firm.
C. The balance sheet can be used to measure the firms capital structure.
Which of the following statements about nonrecurring items is least accurate？
A. Gains from extraordinary items are reported net of taxes at the bottom of the income statement before net income.
B. Unusual or infrequent items are reported before taxes above net income from continuing operations.
C. A change in accounting principle is reported in the income statement net of taxes after extraordinary items and before net income.
微信支付 
支付宝支付