Finance practice problems
Not what you're looking for?
19. Firms that issue registered securities are required to file, with the SEC on an annual basis, which of the following?
a. An annual report.
b. A prospectus.
c. A form 10-K.
d. A set of financial statements.
e. All of these.
20. Management's statement of responsibility:
a. usually refers to the company's system of internal controls.
b. emphasizes that the auditors are responsible for the financial statements.
c. includes a disclaimer of responsibility for the level of the P/E ratio of the company's common stock.
d. gives the president of the company an opportunity to explain why profits changed.
21. The independent auditors' report usually:
a. presents a "clean bill of health" for the company.
b. refers to the quality of the company's products or services.
c. includes an opinion that the financial statements are correct.
d. includes an opinion that the financial statements present fairly, in all material respects, financial information about the company.
24. Book value per share of common stock of a manufacturing company:
a. is not a very useful measure most of the time.
b. is calculated by dividing market value per share by earnings per share.
c. reflects the fair market value of the company's stock.
d. is the same as the total balance sheet asset value per share of common stock.
Purchase this Solution
Solution Summary
Classic questions -- a sentence explains each choice.
Solution Preview
19. (Points: 1.0)
Firms that issue registered securities are required to file, with the SEC on an annual basis, which of the following?
c. A form 10-K.
Require every year for public firms (registered ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media