far 16 a 172021

  1. What is the correct classification ratio for 

    Price-earnings ratio
    Profitability ratio.
  2. What is the correct classification ratio for 

    Debt-to-equity ratio
    Leverage ratio.
  3. What is the correct classification ratio for 

    Basic earnings per share
    Profitability ratio.
  4. What is the correct classification ratio for 

    Return on assets
    Profitability ratio. 
  5. What is the correct classification ratio for 

    Debt ratio
    Leverage ratio.
  6. What is the correct classification ratio for 

    Current cash debt coverage ratio
    Liquidity ratio. 
  7. What is the correct classification ratio for 

    Fixed asset turnover
    Activity ratio.
  8. ------------------------------ measure income on a relative basis.
    Profitability ratios measure income on a relative basis.
  9. ------------------------------ measure the firm’s use of debt to finance assets and operations.
    Leverage ratios measure the firm’s use of debt to finance assets and operations.
  10. ----------------------------------- measure the firm’s use of debt to finance assets and operations.
    Leverage ratios measure the firm’s use of debt to finance assets and operations.
  11. ------------------------------- measure the firm’s ability to generate revenue and income.
    Activity ratios measure the firm’s ability to generate revenue and income.
  12. -----------------------= Current assets – Current liabilities
    Working capital= Current assets – Current liabilities
  13. The accounting for gains or losses on a derivative designated as a hedge of net investment in a foreign entity is reported where?
    Reported in other comprehensive income.
  14. Expressing in the reporting currency amounts denominated or measured in different currencies.
    Foreign currency translation.
  15. The effect of a change in exchange rates between the functional currency and the currency in which the transaction is denominated.
    Transaction gain or loss. 
  16. The result when an entity acquires or disposes of assets (or incurs or settles liabilities) denominated in a foreign currency.
    Foreign currency transaction.
  17. Used for remeasurement.
    Temporal method.
  18. If the books of a foreign entity are maintained in a currency not the functional currency, foreign currency amounts must be remeasured into the functional currency using the -------------------------.
    If the books of a foreign entity are maintained in a currency not the functional currency, foreign currency amounts must be remeasured into the functional currency using the temporal method.
Author
Joens1313
ID
354122
Card Set
far 16 a 172021
Description
far 16 a 172021
Updated