Question 1 (CO 2) What should be a firm’s primary long-term financial objective?

Question 1 (CO 2) What should be a firm’s primary long-term financial objective?
Equity growth
Asset growth
Debt growth
Profit growth
Question 2 (CO 2) Which method(s) of financial reporting does (do) not recognize the impact of changes in unrealized gains in replacement value?
HC-GPL and CV-GPL
CV and CV-GPL
HC and CV
HC and HC-GPL
Question 3 (CO 2) A statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an):
Report of management
Statement of cash flows
Income statement
Balance sheet
Statement of retained earnings
Question 4 (CO 2) _____ is the most important financial metric to review to determine long-term financial viability.
Total margin
None of the above