Accounting ch 4 mc
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11 Terms
Current vs. Noncurrent
1 year rule
Balance Sheet Limitations
Historical cost, estimates, missing items
Solvency
The ability of a company to meet its long-term financial obligations.
Liquidity
The ability of a company to meet its short-term financial obligations.
Flexibility
The ability of a company to adapt to changes in its financial situation.
Net Realizable Value
Accounts Receivable - Allowance for Doubtful Accounts
Free Cash Flow
Operating Cash - Capital Expenditures - Dividends
Cash Debt Coverage
Operating Cash / Average Total Liabilities
O (Operating Activities)
Cash from customers, paid to suppliers, salaries, rent
I (Investing Activities)
Buy/sell equipment, land, buildings, investments
F (Financing Activities)
Issue stock, pay dividends, borrow/repay loans
Note 
Flashcards (63)