Chapter 2 - Chapter 2 Managerial Finance Ross Essentials of Corporate Finance 9e Gold Standard Gold Standard 1 Net working capital is defined as A B C D

Chapter 2 - Chapter 2 Managerial Finance Ross Essentials of...

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Chapter 2: Managerial Finance - Ross Essentials of Corporate Finance 9e Gold Standard: Gold Standard1. Net working capital is defined as:A.the depreciated book value of a firm's fixed assets.B.the value of a firm's current assets.C.available cash minus current liabilities.D.total assets minus total liabilities.E.current assets minus current liabilities. 2. Operating cash flow is defined as:3. Highly liquid assets:4. One of the following is included in the market value of a firm but not in the book value?5. Based on the recognition principle, revenue is recorded on the financial statements when the: I. payment is collected for the sale of a good or service. II. earnings process is virtually complete. III. value of a sale can be reliably determined. IV. product is physically delivered to the buyer.
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A.I and II onlyB.I and IV onlyC.II and III onlyD.II and IV onlyE.I and III only
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