Corporate Finance Study Set 12

Business

Quiz 2 :

Accounting Statements and Cash Flow

Quiz 2 :

Accounting Statements and Cash Flow

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The TimeNow Corporation had 2017 fixed assets of $1345, current assets of $260, current liabilities of $180 and shareholder's equity of $775. The 2016 fixed assets were $1300, current assets of $220, current liabilities of 300, long-term liabilities of $390 and shareholder's equity of $750. What was the change in net working capital for TimeNow in 2017?
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Which of the following statements concerning the income statement is not true?
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Accounting liquidity is defined as:
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In the Statement of Financial Position assets are:
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Under IFRS the value of all the firm's assets are reported at:
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Fixed assets can be either tangible or intangible. Intangible assets are:
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According to IFRS, revenue is recognized as income when:
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Which of the following is not included in the computation of operating cash flow?
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_____ refers to the firm's dividend payments less any net new equity raised.
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The Statement of Financial Position is based on which following equality:
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For a firm with long-term debt, net income is equal to:
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Of the following assets, which is the generally the least liquid?
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Noncash items refer to:
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Intangible fixed assets would include:
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Which one of these accounts is classified as a current asset on the balance sheet?
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Assets are listed on the Statement of Financial Position in order of:
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Net working capital is defined as:
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The primary distinction between tangible and intangible assets is that:
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The earnings before interest and taxes, EBIT, on the income statement provides results on:
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The TimeNow Corporation had 2017 fixed assets of $1345, current assets of $260, current liabilities of $180 and shareholder's equity of $775. What was the net working capital for TimeNow in 2017?
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