E-PolyLearning

11. The securities with less predictable prices and have longer maturity time is considered as
a. cash equivalents
b. long-term investments
c. inventories
d. short-term investments
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Answer: (d).short-term investments

12. The number of shares outstanding if it is divided by net income for using to calculate
a. earnings per share
b. dividends per share
c. book value of share
d. market value of shares
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Answer: (a).earnings per share

13. The purchase cost of assets over its useful life is classified as
a. appreciation
b. depreciation
c. appreciated assets
d. appreciated liabilities
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Answer: (b).depreciation

14. The process of calculating future value of money from the present value is classified as
a. compounding
b. discounting
c. money value
d. stock value
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Answer: (a).compounding

15. The type of basic financial statements consist of
a. balance sheet and income statement
b. statement of retained earnings
c. statement of cash flows
d. all of the above
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Answer: (d).all of the above

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