Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
|
current liab.?
|
part of internal control system
-dont pay bills earlier than neccecary |
|
|
ex. CL?
|
dont pay minimum payment on credit card bill
|
|
|
Statement of cash flows?
|
shows where cash came from and where it went
|
|
|
operationg activites inflow?
|
sales of goods and servicces interest and dividends recieved
|
|
|
operating activities outflows?
|
2 suppliers for inventory
2 employers for labor 2 gov for taxes |
|
|
investing activites inflows?
|
sales of PP&E
sales of investment |
|
|
investment activites outflows?
|
purchase of PP&E
investment in other Co's lending |
|
|
Financing activities inflows?
|
issuing stock
borrowing(notes/bonds) |
|
|
financing activites outflows?
|
payment of dividends
payment of L-T Debt principal |
|
|
times int earned ratio?
|
net income+int exp+tax / int exp
|
|
|
contingent liab?
|
possible liab
|
|
|
when are contingent liab reported?
|
lawsuits and possible fines 4 pollution violations
|
|
|
how is depri recorded on SCF?
|
non cash exp
|
|
|
ex of non cash exp?
|
depri and expiration of insurance
|
|
|
what determines selling price of bonds?
|
stated rate=market rate
-bonds sell at face value stated rate<market rate -bonds sell at discount stated rate>market rate -bonds sell at premium |
