Exam 15: Financing and Tracking Business Operations

When New Fashion Stores, Inc. built 100 new stores, it recorded to outflowing cash in the ________ activities section of its statement of cash flows.

The longest period covered in financial accounting reports is three months.

Last year Huge TV Corp. had net income equaling $5 million. At the end of the year, the corporation had 4 million shares of stock outstanding. The company's earnings per share were ________.

Give an example of an intangible asset.

Short-term liabilities are obligations a company is responsible for paying ________.

Why do companies need long-term financing?

The money a company makes just from its products is called ________.

Monitoring cash flow is important because it measures a company's ________.

Commercial banks are financial institutions that raise funds from businesses and individuals in the form of checking and savings accounts and use those funds to make loans to businesses and individuals.

Accounting is important for ________.