I. Direction: Identify what describes the following statement. Write your answer on the blank before the number.____________________1. It pertains to the state of one’s personal monetary affairs.____________________2. It measures the ability to generate earnings from its resources or investments.____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business.____________________4. It measures the ability of the company to settle its short term debts.____________________ 5. It measures how the business manage its assets or resources to produce output without wastage.____________________6. It presents the financial statement amounts as a percentage of a base number.____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability.____________________8. These users of financial information are interested on the liquidity of the company.___________________ 9. These users of financial information are concerned on the solvency of the company.___________________10. These users of financial information are concerned on the profitability andstability of the company. I. Direction: Identify what describes the following statement. Write your answer on the blank beforethe number.1. It pertains to the state of one's personal monetary affairs.2. It measures the ability to generate earnings from its resources or investments.3. It measures the ability to generate profit that ensures to pay business expensesand maintain a long-term financial success of the business.4. It measures the ability of the company to settle its short term debts.5. It measures how the business manage its assets or resources to produce outputwithout wastage.6. It presents the financial statement amounts as a percentage of a base number._7. It is used to evaluate a number of issues with an entity, such as its liquidity,efficiency of operations, and profitability._8. These users of financial information are interested on the liquidity of thecompany.9. These users of financial information are concerned on the solvency of thecompany._10. These users of financial information are concerned on the profitability andstability of the company.

I. Direction: Identify what describes the following statement. Write your answer on the blank before the number. __________1. It pertains to the state of one’s personal monetary affairs. 2. It measures the ability to generate earnings from its resources or investments. 3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business. 4. It measures the ability of the company to settle its short term debts. 5. It measures how the business manage its assets or resources to produce output without wastage. 6. It presents the financial statement amounts as a percentage of a base number. 7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability. 8. These users of financial information are interested on the liquidity of the company. _ 9. These users of financial information are concerned on the solvency of the company. ___________10. These users of financial information are concerned on the profitability andstability of the company.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 26BE

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Question

I. Direction: Identify what describes the following statement. Write your answer on the blank before the number.

____________________1. It pertains to the state of one’s personal monetary affairs.
____________________2. It measures the ability to generate earnings from its resources or investments.

____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business.

____________________4. It measures the ability of the company to settle its short term debts.

____________________ 5. It measures how the business manage its assets or resources to produce output without wastage.

____________________6. It presents the financial statement amounts as a percentage of a base number.

____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability.

____________________8. These users of financial information are interested on the liquidity of the company.

___________________ 9. These users of financial information are concerned on the solvency of the company.

___________________10. These users of financial information are concerned on the profitability andstability of the company.

I. Direction: Identify what describes the following statement. Write your answer on the blank before
the number.
1. It pertains to the state of one's personal monetary affairs.
2. It measures the ability to generate earnings from its resources or investments.
3. It measures the ability to generate profit that ensures to pay business expenses
and maintain a long-term financial success of the business.
4. It measures the ability of the company to settle its short term debts.
5. It measures how the business manage its assets or resources to produce output
without wastage.
6. It presents the financial statement amounts as a percentage of a base number.
_7. It is used to evaluate a number of issues with an entity, such as its liquidity,
efficiency of operations, and profitability.
_8. These users of financial information are interested on the liquidity of the
company.
9. These users of financial information are concerned on the solvency of the
company.
_10. These users of financial information are concerned on the profitability and
stability of the company.

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