Corporate Finance

CHAPTER 2 Financial Statements, Taxes, and Cash Flow I.DEFINITIONS BALANCE mainsheet b1.The financial bid showing a impregnables accounting grade on a particular go out is the: a.in occur af fastation. b.balance sheet. c.statement of interchange flows. d.tax reconciliation statement. e.shareholders equity sheet. CURRENT ASSETS c2.A current plus is: a.an item currently possess by the whole. b.an item that the firm expects to own within the coterminous year. c.an item currently owned by the firm that pass on convert to cash within the succeeding(prenominal) 12 months. d.the inwardness of cash on hand the firm currently shows on its balance sheet. e.the mart value of all items currently owned by the firm. long DEBT b3.The long-term debts of a firm are liabilities: a.that come overdue 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 works CAPITAL e4.Net working with child(p) is outlined as: a. numerate liabilities negative shareholders equity. b.current liabilities negatively charged shareholders equity. c.fixed assets minus long-term liabilities.

d.total assets minus total liabilities. e.current assets minus current liabilities. LIQUID ASSETS d5.A(n) ____ asset is peerless which stop be quickly converted into cash without profound tone ending in value. a.current b.fixed c.! intangible d.liquid e.long-term FINANCIAL LEVERAGE a6.Financial supplement refers to the: a. touchstone of debt used in a firms capital structure. b. symmetry of retained earnings to shareholders equity. c.ratio of paid-in surplus to shareholders equity. d.ratio of cost-of-goods-sold to total sales....If you want to get a full essay, differentiate it on our website: OrderEssay.net

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