Current Assets - Answer-cash, accounts receivable, bonds, securities
Cashflow Statement - Answer-measures cash coming into the business and cash
leaving
Historical Cost - Answer-price that the business paid for that asset, no matter how long
ago it was
Difference between assets and liabilites - Answer-shareholders equity
Financial Leverage - Answer-use of debt in capital structure because it can
improve/magnify earnings. Ex. hedge fund
Book Value - Answer-Does not reflect what an asset is actually worth. the value of a
business according to its books or accounts
Goodwill - Answer-excess purchase price over the company
Income = - Answer-Revenue - Expenses
First items report on income statement - Answer-Revenue & Expenses
Lasst Item on income statment - Answer-Net Income
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