1. An analyst reviews internal reports of the corporation. The report is an example of:
Managerial accounting
Financial accounting
Tax accounting
None of the above
2. The variance report showing planned versus actual expenditures is an example of
Tax accounting
Managerial accounting
Financial accounting
None of the above
3. Cost of goods sold are found on the
Balance sheet
Income statement
Statement of retained earnings
None of the above
4. Which of the following statements represents a flow concept
Balance sheet
Income statement
Statement of retained earnings
Inventory statement
None of the above
5. The stock market value of a company based on which of the following accounts
Assets
Liabilities
Capital stock
Retained earnings
None of the above