Midterm study ch4

Question 1

deferred income taxes are included in stockholders equity

Answer 1

false

Question 2

receivables are reported on the balance sheet at

Answer 2

estimated amount collectible

Question 3

capitalized leases is a ___ on the balance sheet

Answer 3

intangible asset

Question 4

trademarks is an ____ on the balance sheet

Answer 4

intangible asset

Question 5

LT receivables is a

Answer 5

LT asset

Question 6

Which is a current liability? trade accounts payable or treasury stock

Answer 6

trade accounts payable

Question 7

collection of loan to CEO

Answer 7

investing

obtaining resources from owners and providing them with a return on thei

Question 8

formula for free cash flow

Answer 8

cash flow from operating activities - capital expenditures - dividends declared

Question 9

purchase of land is a financing or investing activity

Answer 9

investing activity

Question 10

paid off loan on sold equipment

Answer 10

financing activity

Question 11

cash debt coverage formula

Answer 11

net cash provided by operating activities / all liabilities