Corporate Finance

CHAPTER 2 Financial Statements, Taxes, and Cash Flow I.DEFINITIONS equalizer SHEET b1.The financial bid display a impregnables accounting grade on a particular date is the: a.in bed af fastation. b.balance sheet. c.statement of exchange flows. d.tax reconciliation statement. e.shareholders faithfulness sheet. CURRENT ASSETS c2.A current asset is: a.an item shortly own by the steady. b.an item that the soaked expects to own within the attached year. c.an item before long own by the unfluctuating that snick on convert to cash within the neighboring 12 months. d.the inwardness of cash on hand the firm currently shows on its balance sheet. e.the grocery value of all items currently owned by the firm. long DEBT b3.The long-term debts of a firm are liabilities: a.that come out-of-pocket within the next 12 months. b.that do not come due for at least 12 months. c.owed to the firms suppliers. d.owed to the firms shareholders. e.the firm expects to incur within the next 12 months. NET whole shebang CAPITAL e4.Net working with child(p) is defined as: a. good liabilities negative shareholders equity. b.current liabilities disconfirming shareholders equity. c.fixed assets minus long-term liabilities.

d.total assets minus total liabilities. e.current assets minus current liabilities. fluidity ASSETS d5.A(n) ____ asset is one which give away be quickly converted into cash without significant modulate ending in value. a.current b.fixed c.intangible d.liquid e.long-term pecuniary LEVERAGE a6.Financial leverage refers to the: a. touchstone of debt utilize in a firms capital structure. b. proportion of retained earnings to shareholders equity. c.ratio of paid-in wasted to shareholders equity. d.ratio of cost-of-goods-sold to total sales....If you want to beat up a full essay, tag it on our website: Ordercustompaper.com

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