Riaz Academy

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 8 Profitability P 8-13: Answer the following multiple-choice questions: a. Which of the following is not considered to be a nonrecurring item? 1. Discontinued operations 2. Extraordinary items 3. Cumulative effect of change in accounting principle 4. Interest expense 5. None of the above. b. Ideally, which of these ratios will …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 7 Long-Term Debt-Paying Ability P 7-11: Answer the following multiple-choice questions: a. Which of the following ratios can be used as a guide to a firm’s ability to carry debt from an income perspective? 1. Debt ratio 2. Debt to tangible net worth 3. Debt/equity 4. Times interest earned 5. Current ratio …

Financial Statement Analysis by Charles H Gibson  Solutions  Chapter # 12 Special Companies G Ads: P  12-1  The following are statistics from the annual  report  of McEttrick  National Bank: Please wait a little bit to load the Images Solution: G Ads: P  12.2:  The following are statistics from the annual  report  of Dover Bank: Required a. Calculate the following for 2011, 2010, and …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 4 Income Statement P 4-16: Answer the following multiple-choice questions: a. Which of the following items would be classified as operating revenue or expense on an income statement of a manufacturing firm? 1. Interest expense 2. Advertising expense 3. Equity income 4. Dividend income 5. Cumulative effect of change in …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 2 Introduction to Financial Statements and Other Financial Reporting Topics P 2-5: Answer the following multiple-choice questions: a. The balance sheet equation can be defined as which of the following? 1. Assets + Stockholders’ Equity = Liabilities 2. Assets + Liabilities = Stockholders’ Equity 3. Assets = Liabilities – …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 12 Special Companies P 12-7: Required Answer the following multiple-choice questions related to insurance financial reporting: a. Which of the following does not represent a basic type of insurance organization? 1. Stock companies 2. Bond companies 3. Mutual companies 4. Fraternal benefit societies 5. Assessment companies b. Which …

Advanced PMP EXAMS 2022 MCQs with Answers & Explanation G Ads: Question 1: Alex, the agile team’s product owner, recently hired Mido as a software developer for their team. Unfortunately, after Mido was hired, another product owner was able to reserve 50% of Midol’s time for their project. What is one of the key problems with not having Mido dedicated …

Accounting Job Test Questions and Answers Part # 3 The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after …

Accounting Job Test Questions and Answers Part # 2 The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after …

Accounting Job Test Questions and Answers The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after completing the test. …

Financial Reporting and Analysis by Charles H. Gibson 13th Edition Chapter # 6 – Liquidity of Short Term Assets P  6-1:  In this problem,  compute the acid-test ratio as follows:  Current  Assets -Inventory       Current Liabilities Required:  Determine the cost of sales of a firm with the following financial data. Current  ratio                …

FINANCIAL STATEMENT ANALYSIS IMPORTANT  SHORT QUESTIONS with Answers Q. 1: Why are notes to statements necessary? ANS: Footnotes (notes) increase the full disclosure of the statements by providing information on inventory and depreciation methods, subsequent events, contingent liabilities, etc. Q. 2: What are contingent liabilities? Are lawsuits against the firm contingent liabilities? ANS: Contingent liabilities are dependent on an occurrence …

 Define a business plan and reasons for writing a business plan? Answer: ‘’A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ “A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. …

 Define business plan. Explain the steps/ procedure/ guidelines for writing a business plan? ANSWER: A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ normally Business plan consist of 25 to 35 pages that describes how a new business can be completed. In some professional areas the business plan is …

 Q. 8: What are the Techniques for generating an idea? ANSWER: In general, entrepreneurs identify more ideas than opportunities because many ideas are typically generated to find the best way to capitalize on an opportunity. Several techniques can be used to stimulate and facilitate the generation of new ideas for products, services, and businesses. Let’s take a   look at some …