Financial statements that are prepared using a particular set of assumptions are called ___________________.

Which is NOT a measure of profitability?

Revenues are a measure of the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers. Which is NOT a revenue transaction?

Which ratio use sales in its numerator?

The _______________ is used to indicate the relative protection of bondholders and to assess the probability of a firm's failing to meet required interest payments.

The _______________is supposed to indicate the ability of the firm to meet its current obligations.

What is the basic accounting equation used to calculate the balance sheet?

Which item does not depreciate?

True or False? Liabilities and shareholders’ equity must be equal.

What are retained earnings?

What agency does a publicly traded company file with if they sell stock?