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BUS 320 Study Guide - Financial Statement Analysis, Reserve Requirement, Current Liability

114 views8 pages
ceruleankoala365
31 May 2011
School
Simon Fraser University
Department
Business Administration
Course
BUS 320
Professor
Amir Azaran

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Document Summary

3. 1 cash flow and financial statement: a closer look. Cash is generated by selling a product, an asset, or a security. Selling a security involves either borrowing or selling an equity interest (i. e. shares of stock) in the firm. Uses of cash: a firm"s activity in which cash is spent. An increase in a left-hand side (asset) account or a decrease in a left-hand side (liability or equity) account is a use of cash. Likewise, a decrease in an asset account or an increase in a liability (or equity) account is a source of cash. The net addition to cash is just the difference between sources and uses. Statement of cash flow is a firm"s financial statement that summarizes its sources and uses of cash over a specific period. We are trying to group all changes into three categories: operating activities, financing activities and investment activities.

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Related Questions

Which of these statements about corporate bonds is correct? 
A. Bonds provide equity financing.
B. Issuing new bonds dilutes the existing ownership in the firm.
C. Interest paid to bondholders represents a tax-deductible business expense.
D. Debenture bonds require assets pledged as collateral.

 

What is the best definition of profit?
 
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B) Profit is the price of producing one additional unit of a good.
C) Profit is the additional income gained from selling an additional good.
D) Profit is the financial gain from business activity minus expenses.
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