ACC501 Final Term Quizzes 2011

MUHAMMAD IBRAR

Acc501 fall 2011 solve Quizz

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Q1. of 10 ( Start time: 02:24:21 PM ) Total Marks: 1

According to Du Pont Identity, ROE is affected by which of the following?

Operating efficiency Asset use efficiency

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Q2. of 10 ( Start time: 02:25:13 PM ) Total Marks: 1

A portion of profits, which a company retains itself for further expansion, is known as:

Dividends Retained Earnings Capital Gain

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Q3. of 10 ( Start time: 02:26:38 PM ) Total Marks: 1

Which of the given statement is correct?

Less income will be available for taxation due to debt financing More income will be available for taxation due to debt financing There will be no effect on taxable income due to debt financing

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Q4. of 10 ( Start time: 02:27:49 PM ) Total Marks: 1

Which of the following is disadvantage of sole proprietor business?

Business income is considered as personal income Limited sources

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Q5. of 10 ( Start time: 02:29:18 PM ) Total Marks: 1

Which of the following item(s) is(are) not included while calculating Operating Cash Flows?

Depreciation Interest Expenses related to firm’s financing of its assets sec(s)

Q6. of 10 ( Start time: 02:30:02 PM ) Total Marks: 1

A company having a current ratio of 1 will have __________ net working capital.

Positive Negative zero

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Q7. of 10 ( Start time: 02:30:30 PM ) Total Marks: 1

The accounting definition of income is:

Income = Current Assets – Current Liabilities Income = Fixed Assets – Current Assets Income = Revenues – Current Liabilities Income = Revenues – Expenses

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Q8. of 10 ( Start time: 02:31:09 PM ) Total Marks: 1

Which of the following is the most significant financial advantage of corporate form?

Easy to raise money

Double taxation