FRA SS 7 Flashcards
Interest Paid, and Dividends recieved are part of Cash Flow from __________, under U.S. GAAP.
Cash Flow from Operatinos
Restructuring & Plant Shutdown costs are considered part of a company’s _______, but are still included in the ______.
Non-Recurring, Operating Income
Describe the difference between Asset TO, and
Avg. Receiv. TO.
one is avg, one is not, Asset TO = (S/A); Avg. Receiv. TO = (S/avg.AR)
When calculating weighted average shares outstanding, do adjustments from stock dividends happen to stocks purchasedd after the dividend?
NO
Working Capital = ?
Current Assets - Current Liabilities
What is the name of (REV/avg. WC)?
Activity Ratio, aka WC TO Ratio
The Solvency Ratio is also known as ________, and is calc’d _______.
Financial Leverage Ratio = (Avg. A/Avg. Eq).
What is the treatment of reported Assets Available-For-Sale securities, and where are the unrealized G/L reported? (2x)
Fair Value; OTHER comprehensive income
AFS Assets, that have G/L, are reported in CFI as the __________.
Net Proceeds, (Gains/Losses + OG Cost - Accum. Depr).
Do upwards valuations of Salvage Value need retrospective presentation?
No, because they are accounting estimates.
Operating effeciency ratios are calculated based upon?
Turnover ratios.
All TRANSACTIONS with shareholders are __________ from Comprehensive Income.
Excluded
Inventory-Writedown included in what part of Comprehensive Income?
Net Income
Under IFRS, Dividends & Interest received can be counted as Cash Flows from _______.
Operations or Investing.
Under the Completed Contract Method, profit is reported when?
Only upon completion.
