Knowledge Check Case Study

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Register to read the introduction… __________ is an organization structured around the idea of sharing knowledge, seeking knowledge, and creating opportunities to create new knowledge.
A. A global company
B. A modular organization
C. An ambidextrous organization
D. A learning organization

Correct!
The correct answer is: D.

Concept: STRATEGIC CONTROL
Concepts

Mastery

STRATEGIC
CONTROL

Questions

0%

10

10.
Which of the following types of strategic control has a low degree of formalization? A. Special alert control
B. Implementation control
C. Strategic surveillance
D. Premise control

Incorrect
The correct answer is: C.

Concept: FINANCIAL STATEMENTS
Concepts
FINANCIAL
STATEMENTS

Mastery
0%

Questions
11

11.
Investors and creditors are particularly interested in this financial statement because it tells them what is happening to the companyâs most important resource?
A. Statement of cash flows
B. Income statement

C. Retained earnings statement
D. Balance sheet

Incorrect
The correct answer is: A.

Concept: GAAP (GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES)
Concepts

Mastery …show more content…
The interest rate is 15%.
What is the total interest expense ABC Corp will record assuming
ABC makes all of its payments?
A. $54,000
B. $31,500
C. $4,500
D. $36,000

Incorrect
The correct answer is: B.

Concept: PREFERRED STOCK VERSUS COMMON
STOCK
Concepts

Mastery

PREFERRED
STOCK VERSUS
COMMON STOCK

100%

Questions
18

18.
Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to cash for $3,000,000 and a credit or credits to
A. preferred stock of $3,000,000
B. preferred stock for $2,500,000 and paid-in capital in excess of par valueâpreferred stock for $500,000
C. preferred stock for $2,500,000 and retained earnings for $500,000
D. paid-in capital from preferred stock for
$3,000,000
Correct!
The correct answer is: B.

Concept: ANALYSES OF FINANCIAL STATEMENTS
Concepts

Mastery

ANALYSES OF
FINANCIAL
STATEMENTS

100%

Questions
19

19.
Which of the following tools of analysis is used to evaluate financial statement information by expressing financial statement data as a percentage over a base

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