CH 3 Finance (Book)

Question 1

another word for accounting value

Answer 1

book value

Question 2

How does IFRS value assets?

Answer 2

at theoretically true market or fair values

Question 3

What are market or fair values?

Answer 3

Price at which willing buyers and sellers would trade the assets

Question 4

Earnings per share

Answer 4

Net income expressed per share of equity

Question 5

What is Overhead?

Answer 5

Overhead includes all ongoing business expenses not including or related to direct labor or direct materials used in creating a product or service. A company must pay overhead on an ongoing basis, regardless of how much or how little the company is selling.
Overhead is any expense that supports the making or selling of a product or service.