IC89 MANAGEMENT ACCOUNTING - 03

Que. 1 : Q1) _________ per share of common stock is the shareholder’s equity-total shares minus liabilities and preferred stocks.

   1.  a) Par value

   2.  b) Book value

   3.  c) scrap value

   4.  d) Final value

Que. 2 : Q2) A ___________ tax benefits refers to relief from taxation when an investment is realized or liquidated.

   1.  a) continuing

   2.  b) Initial

   3.  c) Terminal

   4.  d) None of these

Que. 3 : Q3) A ________ is a contract to buy or sell the underlying asset for a price specified today at a pre-determined time.

   1.  a) Forward

   2.  b) Open

   3.  c) Lock

   4.  d) Futures

Que. 4 : Q4) As per Disclosures Forming part of Financial Statements (Life Insurer) PART II, which of the following shall be disclosed by way of notes to the Balance Sheet ?

   1.  a) Partly-paid up investment

   2.  b) Underwriting commitments outstanding

   3.  c) Claims, other than those under policies, not acknowledged as debts

   4.  d) All of the above

Que. 5 : Q5) How is fixed assets turnover ratio calculated ?

   1.  a) Net sales / Working Capital

   2.  b) Net sales / Fixed assets

   3.  c) Net sales / Total assets

   4.  d) Net sales / Capital Employed