3. The financial statement that summarizes a firm's accounting value as of a particular date is called the: Refer to Section 2.1. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Differentiate between accounting value (or "book" value) and market value. Section: 2.1 Topic: Balance sheet 4. Which one of the following decreases net income but does not affect the operating cash flow of a firm that owes no taxes for the current year? Refer to Section 2.2. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-02 Distinguish accounting income from cash flow. Section: 2.2 Topic: Noncash item
3. The financial statement that summarizes a firm's accounting value as of a particular date is called the: Refer to Section 2.1. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Differentiate between accounting value (or "book" value) and market value. Section: 2.1 Topic: Balance sheet 4. Which one of the following decreases net income but does not affect the operating cash flow of a firm that owes no taxes for the current year? Refer to Section 2.2. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-02 Distinguish accounting income from cash flow. Section: 2.2 Topic: Noncash item
Essentials-of-Corporate-Finance-8th-Edition-Ross,-Westerfield,-Jordan-Test-Bank.docx