Kat Is Sitting at Her Computer Analyzing the Financial Impact

question 10

Multiple Choice

Kat is sitting at her computer analyzing the financial impact of an increase in her company's sales growth rate.Kat is probably using a ________ program.

• A)spreadsheet
• B)presentation
• C)word processor
• D)desktop publishing

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Definitions:

Unrealized Gain or Loss-Equity

Increases or decreases in the value of held investments that have not yet been sold, affecting the equity portion of the balance sheet.

Stockholders' Equity

The net worth of a company, calculated as total assets minus total liabilities, representing the ownership interest of shareholders in the corporation.

Contra Asset

An account that offsets an associated asset account, with common examples being accumulated depreciation and allowance for doubtful accounts.

Fair Value Adjustment

Fair value adjustment is an accounting process to adjust the book value of assets or liabilities to their fair value.