Chương 3: BCKQHĐ Và BCLLTT Flashcards
1. What is the purpose of the income statement?
To summarize the cash inflows and cash outflows in a period
To summarize the profit-generating activities occurring in a period
To summarize what an entity owns and how much it owes as of a specific point in time
To summarize the profit-generating activities occurring in a period
2. What is the purpose of cashflows?
To summarize the cash inflows and cash outflows in a period
To summarize the profit-generating activities occurring in a period
To summarize what an entity owns and how much it owes as of a specific point in time
To summarize the cash inflows and cash outflows in a period
3. Why does many Income statement distinguish between Revenue and Other Incomes (Gains)?
To summarize the cash inflows and cash outflows in a period
To summarize the profit-generating activities occurring in a period
To summarize what an entity owns and how much it owes as of a specific point in time
Help analyst better predict the future cash-flows
Help analyst better predict the future cash-flows
4. A manufacturing company sells its product (which costs 60 millions VND) to a customer for 100 millions VND cash. The amount of 100 millions VND is classified as:
Revenue
Gains (Other Income)
Expenses
Losses (Other Expense)
Revenue
5. A manufacturing company sells its product (which costs 60 millions VND) to a customer for 100 millions VND cash. The amount of 60 millions VND is classified as:
Revenue
Gains (Other Income)
Expenses
Losses (Other Expense)
Expenses
6. What format is the Income statement in the previous Slide?
Multiple-step
Single-step
Multiple-step
7. A practice which a company persuading its distributors to purchase more of its product than necessary near the end of a reporting period is called:
Big bath accounting
Channel stuffing
Channel stuffing
8. Two ways to provide misleading incomes are: income shifting and income statement………..
classification
9. Comprehensive income includes
Net income (which has been reported on the Statement of Profit and Loss)
Additional gains and losses that change shareholders’ equity (Which have not been reported on the statement of Profit and Loss)
Capital contribution from owners (which have not been reported on the Statement of Profit and Loss)
Chọn nhiều đáp án
Net income (which has been reported on the Statement of Profit and Loss)
Additional gains and losses that change shareholders’ equity (Which have not been reported on the statement of Profit and Loss)
10. What is purpose of the Statement of Cash flows?
Provide relevant information to show financial status of a company at a point in time
Provide relevant information about amount of cash and cash equivalents which are received and paid for period of time
Provide relevant information about net income over period of time
Provide relevant information about amount of cash and cash equivalents which are received and paid for period of time
11. Cash flows are classified into 3 sections on the Statement of Cashflows. These 3 sections are:
Revenue. Expense, Net Income
Operating, Investing, Financing activities
Operating, Nonoperating, Discontinued activities
Manufacturing, Services, Trading
Operating, Investing, Financing activities
12. On the SCF. Cash received from sales of products to customers is reported as
Cash flows from financing activities
Cash flows from investing activities
Cash flows from operating activities
Cash flows from operating activities
13. On the SCF. Cash received from sales of long-term assets used in the business is reported as:
Cash flows from financing activities
Cash flows from investing activities
Cash flows from operating activities
Cash flows from investing activities
14. In the SCF. Cash received from capital contribution is reported as:
Cash flows from financing activities
Cash flows from investing activities
Cash flows from operating activities
Cash flows from financing activities
15. There are two method reporting operating activities: Indirect and Direct?
FALSE
TRUE
Option 3
TRUE
