acc501 quiz 1.docx

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BC120201206 : Sayyed Muhammad Aftab Murtaza Zaidi

Quiz Start Time: 03:32 PM

Time Left 7 sec(s)

Question # 1 of 20 ( Start time: 03:32:15 PM ) Total Marks: 1

Decisions about how to raise money and what to do with it are part of which of the following?

Select correct option:

Business Finan ce

Change management

Costing for accounting

All of the given options

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The difference between current assets and current liabilities is known as:


Surplus Asset

Short-term Ratio

Working Capital

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Current Ratio


Head of Treasury department reports to whom?


Financial and cost Accountant

Chief of fin ancial officer

Cash and credit manager

Board of directors


Which of the given statement is correct?


Less income will be available for taxation due to debt finan

More income will be available for taxation due to debt fina

There will be no effect on taxable income due to debt fina

None of the given options

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Period costs include which of the following?


Selling expense

Raw material

Direct labor

Manufacturing overhead


Which of the following area of finance deals with stocks and bonds?


Financial institutions

International finance

Investments



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In which of the given business form, business income is taxed twice?


Corporate form

Partnership

Sole proprietorship



Cash flow from assets involves which of the following component(s)?


Operating cash flow

Capital spending

Change in n et working capital



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BC120201206 : Sayyed Muhammad Aftab Murtaza Zaidi

Quiz Start Time: 03:32 PM

Time Left 33 sec(s)

Question # 8 of 20 ( Start time: 03:41:26 PM ) Total Marks: 1

Cash flow from assets involves which of the following component(s)?


Operating cash flow

Capital spending

Change in n et working capital



Mr. Y and Mr. Z are planning to share their capital to run a business. They are going to employ which of the following type of business?


Sole-proprietorship

Partnership

Corporation

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Assets + Liabilities = Stockholder s equity

Assets + Stockholder s equity = Liabilities

Assets = Liabilities + Stockholder s equity


Which of the following form of business organization is least regulated?


Sole-proprietorship

General Partnership

Limited Partnership

Corporation


Which of the following is subcategory (ies) of finance department?


Accounting department on ly

Treasury department only

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Accounting department and Treasury department



In which type of market, used securities are traded?


Primary market

Secondary market

Tertiary market



Which of the following refers to a conflict of interest between principal and agent?


Management Conflict

Interest Conflict

Agency Problem

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Which of the following is the amount of cash we would get if we actually sell an asset?


Market Value

Book Value

Intrinsic Value



Which of the following is the acronym for GAAP?


Generally Applied Accountability Principles

General Accounting Assessment Principles

Generally Accepted Accounting Principles

General Accepted Assessment Principles

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Click here to Save Answer & Move to Next Question Who of the following make a broader use of accounting information?


Accountants

Financial Analysts

Auditors

Marketers


Which of the following issue is NOT covered by Investment area of finance?


Best mixture of financial investment

International aspects of corporate finance

Associated risks and rew ards

Pricing financial assets


acc501 quiz 1.docx

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