11.Which financial statement would you review to determine if a company’s operating cash flow is sufficient to pay day-to-day obligations?
12.Which financial statement would best help you understand the increases and decreases in cash over a period of time?
13.What financial statement would you review to determine if a company’s payroll exceeds $1,000,000?
14.What financial statement would you review to determine the profitability ratio?
15.What financial statement would you review to determine whether or not dividends were distributed during the year?
16.On which financial statement would you find the amount invested by a company’s owners? What is the name of this amount?
17.On which financial statement(s) would you find the accumulation of total profits and losses less distributions to owners since the company began operations? What is the name of this amount?
18.What accounting name is given to one who provides money to a company with the expectation that it will be paid back with interest?
19.What is the name of a person who provides money to a company who never has to be paid back but expects periodic cash payments?
20.Identify the responsibilities of the board of directors.
21.Who assesses whether the financial statements fairly represent the financial position and results of operations?
22.Where would you most likely find statements revealing the assumptions, estimates, and choices of alternative accounting methods used in the balance sheet?
23.List the names of the financial statements that appear in an annual report.