A standardized financial statement presenting all items of the statement as a percentage of total is:

Related Mcqs:

The system by which companies are managed and controlled is known as:

A. Management System B. Strategic System C. Corporate Governance D. Internal System...

Which of the following is measured by profit margin?

A. Operating efficiency B. Asset use efficiency C. Financial policy D. Dividend policy...

Which of the following statement is CORRECT regarding compound interest?

A. It is the most basic form of calculating interest. B. It earns profit not only on principal but also on interest. C. It is calculated by multiplying principal by rate multiplied by time. D. It does not take into account the accumulated interest for calculation....

Which of the following item provides the important function of shielding part of income from taxes?

A. Inventory B. Supplies C. Machinery D. Depreciation...

Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?

A. Income Statement B. Balance Sheet C. Cash Flow Statement D. Retained Earning Statement...