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23.
Shareholders' equity:
24.
The higher the degree of financial leverage employed by a firm, the:
25.
The book value of a firm is:
26.
Which of the following is (are) included in the market value of a firm but are
excluded from the firm's book value?
I. value of management skills
II. value of a copyright
III. value of the firm's reputation
IV. value of employee's experience
27.
You recently purchased a grocery store. At the time of the purchase, the
store's market value equaled its book value. The purchase included the
building, the fixtures, and the inventory. Which one of the following is most
apt to cause the market value of this store to be lower than the book value?
28.
Which one of the following is true according to Generally Accepted
Accounting Principles?
29.
Which one of these is most apt to be a fixed cost?
30.
Which one of the following costs is most apt to be a fixed cost?
31.
Which of the following are expenses for accounting purposes but are not
operating cash flows for financial purposes?
I. interest expense
II. taxes
III. costs of goods sold
IV. depreciation
32.
Which one of the following statements related to an income statement is
correct? Assume accrual accounting is used.
33.
Which one of the following statements related to taxes is correct?
34.
As of 2012, which one of the following statements concerning corporate
income taxes is correct?
35.
Depreciation:
36.
Which one of the following statements related to an income statement is
correct?
37.
Which one of the following statements is correct concerning a corporation
with taxable income of $125,000?
38.
Which one of the following will increase the cash flow from assets, all else
equal?
39.
For a tax-paying firm, an increase in _____ will cause the cash flow from
assets to increase.
40.
Which one of the following must be true if a firm had a negative cash flow
from assets?
41.
An increase in the depreciation expense will do which of the following?
I. increase net income
II. decrease net income
III. increase the cash flow from assets
IV. decrease the cash flow from assets
42.
Which one of the following is NOT included in cash flow from assets?
43.
Net capital spending:
44.
Which one of the following statements related to the cash flow to creditors
is correct?
