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5 Written questions

5 Matching questions

  1. Net working capital
  2. Average taxes
  3. Current assets
  4. Marginal tax rate
  5. Owners Equity
  1. a amount of tax payable on the next dollar earned
  2. b current assets less current liabilities
  3. c (1) Par value (2) Paid-in capital in excess of par (3) Retained earnings
  4. d cash; inventory; accounts receivable
  5. e the tax bill/taxable income

5 Multiple choice questions

  1. another name for cash flow from assets
  2. current assets
  3. Gross Fixed Assets - Accumulated Depreciation
  4. dividends paid out by a firm less net new equity raised
  5. listed in order of liquidity (descending)

5 True/False questions

  1. Marginal taxesamount of tax payable on the next dollar earned


  2. Generally Accepted Accounting Principles (GAAP)the common set of standards and procedures by which audited financial statements are prepared


  3. Fixed assetscash; inventory; accounts receivable


  4. Liabilities arelisted in order of liquidity (descending)


  5. Cash flow to creditorsa firm's interest payments to creditors less net new borrowings