Question : 61. The _____ account accumulates the amounts of the undistributed earnings : 1245913

 

 

61. The _____  account accumulates the amounts of the undistributed earnings over time.  
A. Treasury Stock
B. Cash
C. Additional Paid-in-Capital
D. Retained Earnings
E. Common Stock

 

62. When a firm has accumulated losses, rather than profits, the Retained Earnings account is typically called: 
A. Negative cash balance
B. Ordinary Loss
C. Accumulated Excess
D. Accumulated Deficit
E. Insolvency

 

63. Retained earnings are  
A. a source of financing for assets.
B. cash.
C. other non-cash assets.
D. the sum of a firm’s dividend declarations.
E. the source of net assets generated by the earnings process.

 

64. Retained earnings represent the source of net assets generated by the earnings process that exceed the firm’s dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, represented by retained earnings, as _____. 
A. operating activities
B. investing activities
C. external financing
D. internal financing
E. dividend seizure

 

65. Firms use short-term financing for 
A. assets they expect to convert to cash in the short run.
B. assets to be used over long periods.
C. liabilities they expect to convert to cash in the short run.
D. liabilities to be used over long periods.
E. shareholders’ equity they expect to convert to cash in the short run.

 

66. Firms use long-term financing for 
A. assets they expect to convert to cash in the short run.
B. assets to be used over long periods.
C. liabilities they expect to convert to cash in the short run.
D. liabilities to be used over long periods.
E. shareholders’ equity they expect to convert to cash in the short run.

 

67. Long-term debt imposes financing risk because it 
A. decreases the need for shareholders’ equity.
B. requires principal and interest payments.
C. requires a default before filing for bankruptcy.
D. can result in default, creditor or regulatory intervention in the management of the firm.
E. None of these answer choices is correct.

 

68. The more variable the firm’s cash flows from operating activities, the more risk that the firm will not have sufficient cash to meet the required payments. Failure to meet these obligations can result in  
A. default.
B. creditor intervention in the management of the firm.
C. regulatory intervention in the management of the firm.
D. bankruptcy.
E. All of these answer choices are correct.

 

69. Which of the following is/are true regarding the balance sheet?  
A. The balance sheet does not provide all the information an analyst wants or needs about a firm’s resources and the claims on those resources.
B. Authoritative accounting guidance precludes the recognition of some resources on the balance sheet as assets and some obligations as liabilities
C. Amounts reported on the balance sheet for assets, liabilities, and shareholders’ equity do not necessarily reflect current market conditions.
D. Astute analysts recognize the features of the balance sheet and adjust the reported numbers.
E. All of these answer choices are correct.

 

70. Key factors in preparing a balance sheet is/are deciding  
A. whether items meet the definitions for assets and liabilities.
B. whether items meet the recognition criteria for assets and liabilities.
C. how to measure the items.
D. Answers a, b, and c are correct.
E. None of these answer choices is correct.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more