30 Questions
What is the total current assets for Suria Bhd in 2004?
1,000,000
What is the net income or EAT for Suria Bhd in 2004?
117,480
What is the balance of retained earnings for Suria Bhd in 2004?
766,000
What is the procedure to determine sources in the Cash Flow Statement?
X1-X0 and transferred to Cash Flow Statement except for Cash and RE
What is the long-term debt for Suria Bhd in 2004?
754,000
What is the depreciation expense for Suria Bhd in 2004?
100,000
What is another name for the Income Statement?
Statement of Profit and Loss
What type of information does the verbal section of the Annual Report contain?
A letter from the chairperson discussing operating results and new developments
What is the primary purpose of the Income Statement?
To provide a summary of the firm's operating and financing activities
What are the four basic financial statements contained in an Annual Report?
Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Stockholders' Equity
What does the Income Statement show?
The company's revenues, costs, and expenses over a specific period of time
What is the main purpose of the Annual Report?
To provide information to stockholders about the company's operations and financial performance
What is the main characteristic of current assets?
Assets that can be converted to cash within a year
What type of asset is a copyright?
Intangible asset
What is the main difference between current liabilities and long-term liabilities?
The time period in which they are repayable
What is the role of owners' equity in a business?
To show the owner's claim on the business's assets
What is an example of a current asset?
Cash in hand
What is a debenture?
A type of long-term liability
What does a balance sheet provide to investors?
An idea of what the company owns and owes, as well as the amount invested by shareholders
What is the balance sheet equation?
ASSETS = LIABILITIES + OWNERS' EQUITY
What is the main difference between a horizontal and vertical balance sheet?
The format of the balance sheet
What are current assets?
Resources or items of value that are expected to generate income in the short term
What is the purpose of preparing a balance sheet?
To summarize a company's financial position at a specific point in time
When is a balance sheet typically prepared?
As soon as the income statement is completed
What is the purpose of adding Depreciation in the Cash Flow Statement?
To reflect the decrease in assets
What is the net cash provided by operating activities for Suria Bhd in 2004?
RM 2,520
What is the increase in account payable for Suria Bhd in 2004?
RM 10,000
What is the formula to calculate Net Capex?
Net FA1 - Net FA0 + Dep
What is the purpose of the Cash Flow Statement?
To identify the sources and uses of funds
What is the ending cash balance for Suria Bhd in 2004?
RM 227,520
Test your knowledge on financial statements analysis, including income statements, balance sheets, statements of retained earnings, and cash flow statements. Review the contents of key financial statements and learn how to prepare them.
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