44. The annual report contains all of the following financial statements except a. income statement. b. statement of changes in long-term financing. c. statement of cash flows. d. balance sheet. e. statement of retained earnings. b ANSWER: Easy DIFFICULTY: Annual report TOPICS: 45. Which of the following financial statements shows a firm's financing activities (how funds were generated) and investment activities (how funds were used) over a particular period of time? a. balance sheet b. income statement c. statement of retained earnings d. statement of cash flows e. proxy statement d ANSWER: Easy DIFFICULTY: Financial statements TOPICS: 46. Which of the following statements shows the portion of the firm's earnings that has been saved rather than paid out as dividends? a. balance b. income statement c. statement of retained earnings d. statement of cash flows e. proxy statement c ANSWER: Easy DIFFICULTY: Financial statements TOPICS:
44. The annual report contains all of the following financial statements except a. income statement. b. statement of changes in long-term financing. c. statement of cash flows. d. balance sheet. e. statement of retained earnings. ANSWER: b DIFFICULTY: Easy TOPICS: Annual report 45. Which of the following financial statements shows a firm's financing activities (how funds were generated) and investment activities (how funds were used) over a particular period of time? a. balance sheet b. income statement c. statement of retained earnings d. statement of cash flows e. proxy statement ANSWER: d DIFFICULTY: Easy TOPICS: Financial statements 46. Which of the following statements shows the portion of the firm's earnings that has been saved rather than paid out as dividends? a. balance b. income statement c. statement of retained earnings d. statement of cash flows e. proxy statement ANSWER: c DIFFICULTY: Easy TOPICS: Financial statements
Test-Bank-for-CFIN-4-4th-Edition-by-Besley.docx