ACC501 Quiz 1 Solution and Discussion
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Current assets are less than current liabilities when: ACC501
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Decisions about “how to raise money” and “what to do with it” are part of which of the following? ACC501
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Finance is NOT essential for: ACC501
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Horizon Corporation paid Rs. 5.0 Million as dividend to its shareholders in the previous financial year. This transaction will be reported on the cash flow statement as a (an): ACC501
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In corporate form of business, which of the following is the primary objective of shareholders? ACC501
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The most common application of term “Finance” involves raising money to acquire_________. ACC501
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Which of the following has “Limited liability” for business debts? ACC501
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The most common application of term “Finance” involves raising money to acquire_________. ACC501
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The difference between current assets and current liabilities is known as:
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In corporate form of business, which of the following is the primary objective of shareholders?
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Mr. A has just recently started a business by investing a capital of Rs. 500,000. He will be the only owner of the business and also enjoy all the profits of the business. Which type of business is being employed by Mr. A?
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Which of the following is the goal of financial management?
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Cash flow from assets can be calculated by using which one of the following expressions?
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Which of the following is disadvantage of sole proprietor business?
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Which of the given is correct?
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Cash flow to the creditors can be calculated by using which one of the following expressions?
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In basic areas of finance, which of the following area/s deals with banks and insurance companies?
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Which of the following is (are) true for making financial management decisions?
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Income is reported when it is earned, even though no cash flow may have occurred is called:
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In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts?
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In which of the following form of business “All Business income is not considered as personal income”?
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Which of the following equation best represents Net Working Capital?