FC 262 Test 1

subject Type Homework Help
subject Pages 4
subject Words 692
subject Authors Aileen Ormiston, Lyn M. Fraser

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page-pf1
and represent the cost of assets other than land that will benefit a business enterprise for
more than a year.
Insert the word 'added' or 'subtracted' in the blank.
Depreciation and amortization should be to convert net income to cash flow from
operating activities.
Insert the word 'added' or 'subtracted' in the blank.
A decrease in accrued liabilities should be to convert net income to cash flow from
operating activities.
Define internal and external sources of liquidity. What is a material deficiency in
liquidity? If a firm has a material deficiency in liquidity what should be reported in the
management discussion and analysis?
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Explain the possible causes of the trends in the following data:
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Analyze the common size income statements below for Coast Company:
page-pf4
Many companies list an account titled on the balance sheet even though no dollar
amount will appear.

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