Question 1: A statement that reports the financial position (assets, liabilities, and stockholders' equity) of an accounting entity at a point in time is called a(an):
- Income statement
- Statement of retained earnings
- Balance sheet
- Statement of cash flows
- Report of management
Question 2: Two major methods of asset valuation are:
- historical cost and future cost
- historical cost and acquisition cost
- historical cost and replacement cost
- acquisition cost and future cost
Question 3: _____ is the most important financial metric to review to determine long-term financial viability.
- Return on equity
- Total margin
- Days cash on hand
- Hospital cost index
- None of the above
Question 4: What is/(are) the primary determinant(s) of firm value?
- Profit
- Investment
- Cost of capital
- All of above