Corporate Finance 10th Edition test bank ch02

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1、ch02Student:1.Thefinancialstatementshowingafirm'saccountingvalueonaparticulardateisthe:A.incomestatement.B.balancesheet.C.statementofcashflows.D.taxreconciliationstatement.E.shareholders'equitysheet.2.Acurrentassetis:A.anitemcurrentlyownedbythefirm.B.anitemthatthefirmexpectstoownwithinthe

2、nextyear.C.anitemcurrentlyownedbythefirmthatwillconverttocashwithinthenext12months.D.theamountofcashonhandthefirmcurrentlyshowsonitsbalancesheet.E.themarketvalueofallitemscurrentlyownedbythefirm.3.Thelong-termdebtsofafirmareliabilities:A.thatcomeduewithinthenext12months.B.thatdonotcomedue

3、foratleast12months.C.owedtothefirm'ssuppliers.D.owedtothefirm'sshareholders.E.thefirmexpectstoincurwithinthenext12months.4.Networkingcapitalisdefinedas:A.totalliabilitiesminusshareholders'equity.B.currentliabilitiesminusshareholders'equity.C.fixedassetsminuslong-termliabilities.D.totalass

4、etsminustotalliabilities.E.currentassetsminuscurrentliabilities.5.A(n)assetisonewhichcanbequicklyconvertedintocashwithoutsignificantlossinvalue.A.currentB.fixedC.intangibleD.liquidE.long-term6.Thefinancialstatementsummarizingafirm'saccountingperformanceoveraperiodoftimeisthe:A.incomestate

5、ment.B.balancesheet.C.statementofcashflows.D.taxreconciliationstatement.E.shareholders'equitysheet.7.Noncashitemsreferto:A.thecreditsalesofafirm.B.theaccountspayableofafirm.C.thecostsincurredforthepurchaseofintangiblefixedassets.D.expenseschargedagainstrevenuesthatdonotdirectlyaffectcashf

6、low.E.allaccountsonthebalancesheetotherthancashonhand.8.Yourtaxrateistheamountoftaxpayableonthenexttaxabledollaryouearn.A.deductibleB.residualC.totalD.averageE.marginal9.Yourtaxrateisthetotaltaxesyoupaydividedbyyourtaxableincome.A.deductibleB.residualC.totalD.averageE.marginal10.referstot

7、hecashflowthatresultsfromthefirm'songoing,normalbusinessactivities.A.CashflowfromoperatingactivitiesB.CapitalspendingC.NetworkingcapitalD.CashflowfromassetsE.Cashflowtocreditors11.referstothechangesinnetcapitalassets.A.OperatingcashflowB.CashflowfrominvestingC.Netwo