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Question 160 out of 5 pointsWhat is net working capital?A. Current assets less long-term liabilitiesB. Current assets less current liabilitiesC. The amount of permanent financing required to finance working capital or current assets.D. Both A and CE. Both B and C (ANSWER)Question 175 out of 5 pointsYou have just advance refunded $50 million of outstanding tax-exempt revenue bonds with $40 million of new debt, which created a gain after considering reimbursement effects of $5.0 million. What could account for this? A. Higher interest rate on the refunding issueB. Lower interest rate on the refunding issueC. Positive arbitrage on the refunding issueD. None of the aboveQuestion 185 out of 5 pointsAccounts receivable (net) increased by $500,000 during the year. This increase has what effect on cash flow?Reduces itQuestion 190 out of 5 pointsWhat of the following is not one of the characteristics of long-term debt financing?d. Preferred stockQuestion 200 out of 5 points
The of every financial statement should contain the:name, title, specific date of statement, and unit of measurement