CMA Study Group

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  • 1.  CMA Pop Quiz - Q182

    Posted 06-02-2017 12:48 PM

    A statement of financial position provides a basis for all of the following except

    a. computing rates of return.
    b. evaluating capital structure.
    c. assessing liquidity and financial flexibility.
    d. determining profitability and assessing past performance.









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    Morgan Greenleaf
    Social Media & Marketing Product Specialist
    IMA
    Montvale NJ
    United States
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  • 2.  RE: CMA Pop Quiz - Q182

    Posted 06-02-2017 01:53 PM
    D is the correct answer.

    Balance Sheet provides us with a snapshot at that moment in time hence one cannot use it to measure the company's past performances.


    Thanks

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    Chaya
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    Original Message