Wall Street Prep Correct Questions & Answers 2023(Graded A+) Complete BUNDLE 2023

What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? - ANSWER Extraordinary gains/losses what is false about depreciation and amortization - ANSWER D&A may be classified within interest expense Company X's current assets increased by $40 million from 20...

Do companies prefer straight-line or accelerated depreciation? - ANSWER For GAAP reporting purposes, companies generally prefer straight-line depreciation. That's because a company will record lower depreciation in the early years of the asset's life than if they had used accelerated depreciation....

Assets - ANSWERresources a company uses to operate its business includes cash, A/R, PP&E Liabilities - ANSWERrepresents the company's contractual obligations and includes A/P, debt, accrued expenses Shareholder's equity - ANSWERis the residual the value of the business available to th...