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FIN 701, Week 1-2 Problems Exam Questions with Latest Update $8.49   Add to cart
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FIN 701, Week 1-2 Problems Exam Questions with Latest Update
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Which of the following is a current asset? - Answer-accounts receivable cash and other assets expected to be exchanged for cash or consumed within a year - Answer-Current assets Which one of the following is included in a firm's market value but yet is excluded from the firm's accounting valu...

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  • August 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fin 701 week 1 2 problems exam questions with lat
  • which of the following is a current asset answ

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FIN 701, Week 1-2 Problems Exam
Questions with Latest Update
Which of the following is a current asset? - Answer-accounts receivable

cash and other assets expected to be exchanged for cash or consumed within a year -
Answer-Current assets

Which one of the following is included in a firm's market value but yet is excluded from
the firm's accounting value? - Answer-Good reputation of the company

Net working capital is defined as: - Answer-current assets minus current liabilities

Which one of the following accounts is the most liquid? - Answer-Accounts Receivable

Which one of the following represents the most liquid asset? - Answer-$100 of inventory
that is sold today for $100 cash

Shareholders' Equity - Answer-represents the residual value of a firm

As the degree of financial leverage increases, the: - Answer-probability a firm will
encounter financial distress increases.

The book value of a firm is: - Answer-based on historical costs

You recently purchased a grocery store. At the time of the purchase, the store's market
value and its book value were equal. The purchase included the building, fixtures and
inventory. Which one of the following is most apt to cause the market value of this store
to be less than its book value? - Answer-Improvements to the surrounding area by other
store owners.

Which one of the following is the financial statement that shows the accounting value of
a firm's equity as of a particular date? - Answer-Balance Sheet

Noncash items refer to: - Answer-expenses that do not directly affect cash flows.

Noncash expenses = - Answer-Depreciation

Cash flow from assets - Answer-free cash flow

Cash flow available for distribution to a corporation's creditors and stockholders -
Answer-cash flow from assets

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