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6 Cards in this Set
- Front
- Back
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the Balance Sheet
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a snapshot of the firm's assets and liabilities at a given point in time
- provides book value |
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Balance Sheet formula
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Assets = liabilities + stockholder's equity
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market value
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the price at which the assets, liabilities or equity can actually be bought or sold
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income statement
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video of firm's operations for a specified period of time
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marginal taxes
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the percentage paid on the next dollar earned
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average taxes
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the tax bill / taxable income
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