Question 5) Which of the following items may be included on all balance sh

5) Which of the following items may be included on all balance sheets at yahoo! Finance, even though they may not be part of an individual company’s balance sheet for that year?

A) Effect of Accounting Changes, Extraordinary Items, and Treasury Stock

B) Deferred Long-Term Asset Charges, Treasury Stock, and Extraordinary Items

C) Goodwill, Deferred Long-Term Asset Charges, and Treasury Stock

D) Cost of Revenue, Goodwill, and Treasury Stock

6) Which of the following items may be included on all income statements at yahoo.finance.com, even though they may not be part of an individual company’s income statement for that year?

A) Cost of Revenue and Extraordinary Items

B) Goodwill and Effect of Accounting Changes

C) Effect of Accounting Changes and Deferred Long-Term Asset Charges

D) Cost of Revenue and Treasury Stock

7) In regards to the Cash Flow Statement, assume we want to break down Yahoo! Finance’s cost of revenue into its two major components, cost of goods sold (COGS) and depreciation. To do so, we would need to look at ________ for the depreciation amount.

A) the Statement of Cash Flow

B) both the Income Statement and the Statement of Cash Flow

C) both the Balance Sheet and the Statement of Cash Flow

D) the Income Statement

8) Which of the following statements is FALSE?

A) Financial data on the Internet or via company annual reports provide a wealth of knowledge about the operations of the firm.

B) Knowing the relationship of the primary financial statements and how to utilize the data in each are important tools for all financial managers.

C) Although the annual report of a company is printed and mailed to owners and the SEC, much of the financial statement information is available at various financial web sites.

D) EDGAR stands for Electronic Data Gathering Analysis and Retribution.

9) In the years following the global economic recession of 2007 – 2009, the unemployment rate for college graduates is approximately ________ high school graduates.

A) the same as

B) twice as large as

C) half the rate of

D) one-quarter the rate of

10) Career advisors unanimously suggest that applicants for professional and managerial jobs learn all they can about a company before going to an interview.

11) The SEC has a site named EDGAR (Electronic Data Gathering Analysis and Retrieval) that provides free access to annual reports.

12) If you query a company at yahoo.finance.com, you will see a menu that includes a section on financial statements and provides only the past one year of each of the primary financial statements.

13) Financial data on the Internet or via the company annual reports provide a limited amount of knowledge about the operations of the firm.

14) In the presentation of the income statement at yahoo.finance.com, you will find cost of revenue, not cost of goods sold, with depreciation expense included in cost of revenue.

15) Report on another on-line site besides yahoo.finance.com and www.sec.gov/edgar.shtml (EDGAR’s) where one can get financial information. In your answer give the website, how to access information, and what types of information are available. See if you can find at least one aspect of this site that might make it superior to that found at yahoo.finance.com.

16) Describe some of the differences that the textbook mentions about yahoo.finance.com’s presentation of the income statem

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