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Accounting Quiz 9 (25 MCQs)

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1. When prices show a rising trend, which of the following methods of inventory valuation will result in lower income and lower valuation of inventory?
2. No. of units of domestic currency required to buy one unit of a foreign currency is known as
3. If forfeited shares are reissued at a discount then the amount of discount should not exceed the
4. Which one of the following is correct about margin of safety ratio?
5. Cash flows denominated in foreign currency are reported in a manner consistent with
6. Right shares can be issued at any time after the expiry of
7. When goodwill is received in cash and retained in the business upon admission of a new partner the old partners' capital accounts are credited in the
8. Which are the determinants of dividend policy?
9. "Capital budgeting is long term planning for making and financing proposed capital outlays. " Who said?
10. The dividend on equity shares is only paid when dividend on _____has already been paid.
11. Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costs are called
12. The following item is shown in profit and loss appropriation account.
13. If the annual cash inflows are constant, the pay-back period can be computed by clividing cash outlay by
14. Which of the following term is used to represent the proportionate relationship between debt and equity?
15. Suppliers and creditors of a firm are interested in
16. The implementation of a common market involves all of the following except
17. The degree of financial leverage reflects the responsiveness of
18. If the equity shareholder purchases the shares of the company at more than the face value of the share then the_____is calculated.
19. Which is a approach of valuation?
20. The stock turnover ratio may be calculated as _____
21. Current Ratio can be computed by
22. The equation for the Debt equity ratio is
23. The main objective of providing depreciation is
24. Accelerated depreciation method is also called
25. General donations of relatively large amount is recorded on the
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