100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Foundations of Business Finance (Peregrine) Question and answers 2023 verified to pass $17.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Foundations Of Business Finance
  4.  
  5. Foundations of Business Finance

Exam (elaborations)

Foundations of Business Finance (Peregrine) Question and answers 2023 verified to pass
 1 purchase
  • Course
  • Foundations of Business Finance
  • Institution
  • Foundations Of Business Finance

Foundations of Business Finance (Peregrine) Question and answers 2023 verified to pass True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. - correct answer True __________ liabilities are those due within one year. - correct answer Cur...

[Show more]

Preview 2 out of 8  pages

Document information

  • July 26, 2023
  • 8
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • foundations of business finance peregrine questi
  • true or false the one fixed asset that is not dep
  • liabilities are those due within one ye
  • liabilities ar

Written for

  • Foundations of Business Finance
  • Foundations of Business Finance

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

Foundations of Business Finance
(Peregrine) Question and answers 2023
verified to pass
True or false: The one fixed asset that is not depreciated is land because it seldom
declines in value. - correct answer True

__________ liabilities are those due within one year. - correct answer Current

__________-__________ __________ liabilities are due after more than a year, and
may include bonds, mortgages, and long-term loans. - correct answer Long-term debt

Name the three types of accounts listed as current liabilities on balance sheets. - correct
answer (1) Accounts Payable
(2) Notes Payable
(3) Accrued Expenses

Accounts payable - correct answer The amounts owed for credit purchases by a firm

Notes payable - correct answer Outstanding short-term loans, typically from
commercial banks

Accrued expenses - correct answer Costs that have been incurred by a firm which
have not yet been paid; examples of accruals include taxes owed to the government
and unpaid wages

The __________ __________ section of a balance sheet provides information about
the claims against a firm held by investors who own preferred and common shares. -
correct answer Stockholders' equity

The Stockholders' equity section of the balance sheet is reflected in four types of
accounts. These include __________ __________, __________ __________,
__________-__________-__________ __________ ___________ __________
__________, and __________ __________. - correct answer (1) preferred stock
(2) common stock
(3) paid-in-capital excess of par
(4) retained earnings

__________ __________ shows the total proceeds from the sale of preferred stock. -
correct answer Preferred stock

__________-__________-__________ __________ __________ __________
__________ equals the number of shares outstanding multiplied by the original selling

, price of the shares, net of the par value. - correct answer Paid-in-capital in excess of
par

__________ __________ equals the number of outstanding common shares multiplied
by the par value per share. - correct answer Common stock

__________ __________ (often $1) is an artifact of earlier pre-computer accounting
methods used to track the number of outstanding shares. It has no relation to the actual
value of the shares. - correct answer Par value

__________ __________ are the cumulative total of the earnings that the firm has
reinvested in its assets and operations since its inception. - correct answer Retained
earnings

The combined value of __________ __________ and __________-__________-
__________ equals the proceeds the firm received when it originally sold shares to
investors (including initial public offerings and rights offerings). - correct answer
common stock, paid-in-capital

The __________ __________ entry on a balance sheet records the value of common
shares that a firm currently holds in reserve. - correct answer treasury stock

The __________ __________ __________ __________ provides a summary of what
cash has gone into and out of a firm because of its operations, investments, and
financing activities during a year. It isolates the firm's operating, investment, and
financing cash flows and reconciles them with changes in its cash and marketable
securities during the year. - correct answer statement of cash flows

A firm's total cash flows can be conveniently divided into three categories. These
include __________ flows, __________ flows, and __________ flows. - correct answer
operating, investment, financing

Operating flows - correct answer Cash inflows and outflows directly related to the
production and sale of products or services

Investment flows - correct answer Cash flows associated with the purchase or sale of
fixed assets and business equity

Financing flows - correct answer Cash flows which result from debt and equity
financing transactions

__________ __________ __________ is the amount of cash flow available to investors
- the providers of debt and equity capital. It represents the net amount of cash flow
remaining after the firm has met all operating needs and has made all required
payments on both long-term (fixed) and short-term (current) investments. - correct
answer Free cash flow

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$17.49  1x  sold
  • (0)
Add to cart
Added