1. An analyst reviews internal reports of the corporation. The report is an example of:

Managerial accounting

Financial accounting

Tax accounting

None of the above

2. The variance report showing planned versus actual expenditures is an example of

Tax accounting

Managerial accounting

Financial accounting

None of the above

3. Cost of goods sold are found on the

Balance sheet

Income statement

Statement of retained earnings

None of the above

4. Which of the following statements represents a flow concept

Balance sheet

Income statement

Statement of retained earnings

Inventory statement

None of the above

5. The stock market value of a company based on which of the following accounts

Assets

Liabilities

Capital stock

Retained earnings

None of the above