SOLVED ACC501 Quiz 1 Solution and Discussion

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1. Current assets are less than current liabilities when: ACC501

2. Decisions about “how to raise money” and “what to do with it” are part of which of the following? ACC501

3. Finance is NOT essential for: ACC501

4. 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

5. In corporate form of business, which of the following is the primary objective of shareholders? ACC501

6. The most common application of term “Finance” involves raising money to acquire_________. ACC501

7. Which of the following has “Limited liability” for business debts? ACC501

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