Which One of the Following Is Not a Responsibility of a Controller

question 19

Multiple Choice

Which one of the following is not a responsibility of a controller in the foodservice industry?

• A)maintaining guest and city ledgers
• B)accounting management
• C)financial management
• D)yield analysis

Analyze cash flows from investing activities.

Determine cash flows from financing activities.

Calculate and interpret cash collected from customers and cash paid to suppliers.

Evaluate the impact of asset purchases and sales on cash flows.

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Definitions:

Identifiable Net Assets Method

A valuation method that calculates an entity's value based on the fair value of its identifiable tangible and intangible assets minus its liabilities.

Contingent Consideration

An obligation to transfer additional assets or equity instruments upon the fulfillment of certain conditions in a business combination.

Consolidated Retained Earnings

The cumulative amount of profits retained in the company and its subsidiaries after dividends are paid, as shown in the consolidated financial statements.

Net Income

The amount of money a company earns after deducting all expenses and tax obligations from its revenues.