Exam (elaborations)
Solutions Manual for Financial and Managerial Accounting for MBAs 6th Edition Easton
Net nonoperating obligations (NNO) is defined as the excess of (interest-bearing) debt over investments in nonoperating assets. Net nonoperating obligations can be either positive (excess of debt) or negative (excess of investments). Net nonoperating expense (NNE) is the excess of NOPAT over net...
[Show more]