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Related Flashcards
Related Topics
Cards In This Set
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A financial statement that
reflects a firm’s
accounting value on a particular date
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Balance Sheet
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An asset that normally converts into cash within one year
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Current Asset
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An asset with a relatively long life
|
Fixed Asset
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A fixed asset with a physical existence
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Tangible Asset
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A fixed asset that has no physical existence
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Intangible Asset
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The residual value of a
corporation after all debts have been paid
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Shareholders Equity
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Difference between a firm’s
current assets and its current liabilities
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Net Working Captial
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Ease and speed with which
an asset can be converted to cash
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Liquidity
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A common set of procedures
and standards for preparing audited financial statements
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Generally Accepted Accounting Principles
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Reflects a firm’s
performance over a period of time
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Income Statement
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Amount of net income
attributable to each share of stock
|
Earnings Per Share
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An expense charged against
revenues that does not affect the cash flow of a firm
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Noncash Items
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Total tax paid divided by
the total taxable income
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Average Tax Rate
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Amount of tax payable on
the next taxable dollar earned
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Marginal Tax Rate
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The cash generated from a
firm’s normal business activities is referred to as the
|
Operating Cashflow
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