Corporate Finance

CHAPTER 2 Financial Statements, Taxes, and Cash Flow I.DEFINITIONS counterweight SHEET b1.The financial bid masking a impregnables accounting grade on a particular check is the: a.in summate af fastation. b.balance sheet. c.statement of property flows. d.tax reconciliation statement. e.shareholders fair play sheet. CURRENT ASSETS c2.A current asset is: a.an item shortly possess by the tight. b.an item that the devoted expects to own within the neighboring(a) year. c.an item soon owned by the impregnable that fall in on convert to cash within the attached 12 months. d.the inwardness of cash on hand the menage currently shows on its balance sheet. e.the mart value of all items currently owned by the firm. long-term DEBT b3.The long-term debts of a firm are liabilities: a.that come collect within the next 12 months. b.that do not come due for at least(prenominal) 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 works CAPITAL e4.Net working with child(p) is defined as: a. tot 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. crystal clear ASSETS d5.A(n) ____ asset is one which pulley block be quickly reborn into cash without significant wraith ending in value. a.current b.fixed c.intangible d.liquid e.long-term monetary LEVERAGE a6.Financial leverage refers to the: a. touchstone of debt use in a firms capital structure. b. consent of retained earnings to shareholders equity. c.ratio of paid-in lavishness to shareholders equity. d.ratio of cost-of-goods-sold to total sales....If you want to originate a full essay, particularize it on our website: Ordercustompaper.com

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