财务管理 chapter 2

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1、CHAPTER2FinancialStatements,Taxes,andCashFlowII.CONCEPTSTANGIBLEASSETd21.Acomputerusedinabusinessofficebytheofficemanagerisclassifiedas:a.acurrentasset.b.anintangibleasset.c.networkingcapital.d.atangibleasset.e.aninventoryitem.CURRENTASSETSa22.Whichofthef

2、ollowingareincludedincurrentassets?I.equipmentII.inventoryIII.accountspayableIV.casha.IIandIVonlyb.IandIIIonlyc.I,II,andIVonlyd.IIIandIVonlye.II,III,andIVonlyCURRENTLIABILITIESb23.Whichofthefollowingareincludedincurrentliabilities?I.notepayabletoasupplier

3、ineighteenmonthsII.debtpayabletoamortgagecompanyinninemonthsIII.accountspayabletosuppliersIV.loanpayabletothebankinfourteenmonthsa.IandIIIonlyb.IIandIIIonlyc.IIIandIVonlyd.II,III,andIVonlye.I,II,andIIIonlyNETWORKINGCAPITALc24.Whichoneofthefollowingstateme

4、ntsconcerningnetworkingcapitaliscorrect?a.Networkingcapitalisnegativewhencurrentassetsexceedcurrentliabilities.b.Networkingcapitalincludescash,accountsreceivables,fixedassets,andaccountspayable.c.Inventoryisapartofnetworkingcapital.d.Thechangeinnetworking

5、capitalisequaltothebeginningnetworkingcapitalminustheendingnetworkingcapital.e.Networkingcapitalincludesaccountsfromtheincomestatement.NETWORKINGCAPITALa25.Whichoneofthefollowingstatementsconcerningnetworkingcapitaliscorrect?a.Thegreaterthenetworkingcapit

6、al,thegreatertheabilityofafirmtomeetitsshort-termobligations.b.Thechangeinnetworkingcapitalisequaltocurrentassetsminuscurrentliabilities.c.Depreciationmustbeaddedbacktocurrentassetswhencomputingthechangeinnetworkingcapital.d.Networkingcapitalisequaltolong

7、-termassetsminuslong-termliabilities.e.Networkingcapitalisapartoftheoperatingcashflow.BALANCESHEETd26.Anincreaseintotalassets:a.meansthatnetworkingcapitalisalsoincreasing.b.requiresaninvestmentinfixedassets.c.meansthatshareholders’equitymustalsoincrease.d

8、.mustbeoffsetbyanequalincreaseinliabilitiesandshareholders’equity.e.canonlyoccurwhenafirmhaspositivenetincome.LIQUIDITYc27.Whichoneofthefollowingaccountsisthemostliquid?a.inventoryb.buildingb.accountsreceivablec.equ