Information in the Financial Statements A financial statement is a summary of all the financial transactions that have oocuirred over a particular period. Financial statements indicate a frm's financial health and stability, and are key factors in management decision making. Thaf's why stockholders, bondholders, banks, labor unions, employees, and the Internal Revenue Service are all interested in a firm's financial statements. The major three financial statements contain data that is often confusing to many students, yet when the data is placed in its oorrect location, the financial statements bring forth a wealth of information. Please analyze and place each item in the appropriate financial statement to which it belongs a. Balance Sheet b. Income Statement c. Statement of Cash Flow1. Owner's equity 2. Land 3. Patents 4. Costs of Goods Sold 5. Income tax 6. Insurance expense 7. Net change in cash 8. Cash Balance 9. Accounts Receivable10. Revenues11. Long-term liabilities12. Advertising expense

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii