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2. Using Boundless Presentations The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. Free to share, print, make copies and changes. Get yours at www.boundless.com Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: If you have any questions or problems please email: educators@boundless.com http://boundless.com/teaching-platform

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4. Assets Liabilities and Equity Working Capital Liquidity Debt to Equity Market Value vs. Book Value Limitations of the Balance Sheet The Balance Sheet Financial Statements, Taxes, and Cash Flow > The Balance Sheet Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=dir ect&utm_source=boundless

5. The main categories of assets are usually listed first, and normally, in order of liquidity. On a balance sheet, assets will typically be classified into current assets and non-current (long-term) assets. Current assets are those assets which can either be converted to cash or used to pay current liabilities within 12 months. Current assets include cash and cash equivalents, short-term investments, accounts receivable, inventories and the portion of prepaid liabilities paid within a year. A non-current asset cannot easily be converted into cash. Non-current assets include property, plant and equipment (PPE), investment property, intangible assets, long-term financial assets, investments accounted for using the equity method, and biological assets. Assets Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/assets-183- 7556?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Balance Sheet View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

6. In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Equity is the residual claim or interest of the most junior class of investors in assets, after all liabilities are paid. The types of accounts and their description that comprise the owner's equity depend on the nature of the entity and may include: Common stock, preferred stock, capital surplus, retained earnings, treasury stock, stock options and reserve. Liabilities and Equity Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/liabilities- and-equity-184- 7554?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Accounting equation View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

7. Net working capital is calculated as current assets minus current liabilities. Current assets and current liabilities include three accounts which are of special importance: accounts receivable, accounts payable and inventories. The goal of working capital management is to ensure that the firm is able to continue its operations and that it has sufficient cash flow. The management of working capital involves managing inventories, accounts receivable and payable, and cash. Working Capital Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/working- capital-185- 7967?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Statement of cash flows View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

8. Liquidity refers to a business's ability to meet its payment obligations, in terms of possessing sufficient liquid assets, and to such assets themselves. For assets, liquidity is an asset's ability to be sold without causing a significant movement in the price and with minimum loss of value. A standard company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, typically in order of liquidity. For a corporation with a published balance sheet there are various ratios used to calculate a measure of liquidity, namely the current ratio, the quick ratio, the operating cash flow ratio, and the liquidity ratio (acid test). Liquidity Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/liquidity-186- 6608?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Liquidity View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

9. The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. Closely related to leveraging, the ratio is also known as risk, gearing or leverage. Preferred stocks can be considered part of debt or equity. Attributing preferred shares to one or the other is partially a subjective decision. The formula of debt/ equity ratio: D/E = Debt (liabilities) / equity = Debt / (Assets – Debt) = (Assets – Equity) / Equity. Debt to Equity Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/debt-to- equity-187- 4988?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Leverage Ratios of Investment Banks View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

10. Market value is the price at which an asset would trade in a competitive auction setting. Book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. In many cases, the carrying value of an asset and its market value will differ greatly. However, they are interrelated. Market Value vs. Book Value Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/market- value-vs-book-value-188- 7555?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Depreciation methods which are essential in calculating book value View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

11. Balance sheets do not show true value of assets. Historical cost is criticized for its inaccuracy since it may not reflect current market valuation. Some of the current assets are valued on an estimated basis, so the balance sheet is not in a position to reflect the true financial position of the business. The balance sheet can not reflect those assets which cannot be expressed in monetary terms, such as skill, intelligence, honesty, and loyalty of workers. Limitations of the Balance Sheet Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/limitations- of-the-balance-sheet-189- 3875?campaign_content=book_192_section_33&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boundl ess Four depreciation methods View on Boundless.com Financial Statements, Taxes, and Cash Flow > The Balance Sheet

12. Free to share, print, make copies and changes. Get yours at www.boundless.com Appendix

13. Key terms amortization The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. carrying value In accounting, book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or Impairment costs made against the asset. cash equivalents A deferred expense or prepayment, prepaid expense, plural often prepaids, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period. deficit the amount by which spending exceeds revenue Fixed assets Fixed assets, also known as non-current assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets, such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. leverage The use of borrowed funds with a contractually determined return to increase the ability of a business to invest and earn an expected higher return (usually at high risk). liquidity Availability of cash over short term: ability to service short-term debt. liquidity ratio measurement of the availability of cash to pay debt operating liquidity The ability of a company or individual to quickly convert assets to cash for the purpose of paying operating expenses. Preferred Stock Stock with a dividend, usually fixed, that is paid out of profits before any dividend can be paid on common stock. It also has priority to common stock in liquidation. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow

14. Statement of cash flows The management of working capital involves managing inventories, accounts receivable and payable, and cash. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "05 Statement Cash Flows Trust Funds." CC BY-SA http://commons.wikimedia.org/wiki/File:05_Statement_Cash_Flows_Trust_Funds.jpg View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:05_Statement_Cash_Flows_Trust_Funds.jpgView on Boundless.com Financial Statements, Taxes, and Cash Flow

15. Depreciation methods which are essential in calculating book value 4 Depreciation methods (1. Straight-Line method, (2. Double-Declining Balance method, (3. Sum-of-the-Years' Digits method, (4.Productive output method) Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "4 Depreciation methods." CC BY-SA http://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svg View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svgView on Boundless.com Financial Statements, Taxes, and Cash Flow

16. Balance Sheet Sample Domestic Balance Sheet (DBS) to be referenced by Domestic Well-Being Accounting (DWBA) Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "DWBA DBS." CC BY-SA http://commons.wikimedia.org/wiki/File:DWBA_DBS.jpg View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:DWBA_DBS.jpgView on Boundless.com Financial Statements, Taxes, and Cash Flow

17. Four depreciation methods Different methods of depreciation affect the carrying value of an asset on balance sheets. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "4 Depreciation methods." CC BY-SA http://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svg View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svgView on Boundless.com Financial Statements, Taxes, and Cash Flow

18. Liquidity Monthly liquidity of an organic vegetable business Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "Monthly-liquidity." CC BY-SA http://commons.wikimedia.org/wiki/File:Monthly-liquidity.png View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:Monthly-liquidity.pngView on Boundless.com Financial Statements, Taxes, and Cash Flow

19. Leverage Ratios of Investment Banks Each of the five largest investment banks took on greater risk leading up to the subprime crisis. This is summarized by their leverage ratio, which is the ratio of total debt to total equity. A higher ratio indicates more risk. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia. "Leverage Ratios." CC BY-SA http://commons.wikimedia.org/wiki/File:Leverage_Ratios.png View on Boundless.comCC BY-SAhttp://commons.wikimedia.org/wiki/File:Leverage_Ratios.pngView on Boundless.com Financial Statements, Taxes, and Cash Flow

20. Accounting equation Assets = Liabilities + Owner's Equity Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia. "Liability (accounting)." GNU FDL http://en.wikipedia.org/wiki/Liability_(accounting) View on Boundless.comGNU FDLhttp://en.wikipedia.org/wiki/Liability_(accounting)View on Boundless.com Financial Statements, Taxes, and Cash Flow

21. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT a current asset? A) Copyrights B) Cash C) Raw material inventory D) Accounts Receivable

22. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT a current asset? A) Copyrights B) Cash C) Raw material inventory D) Accounts Receivable

23. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is the correct order of how assets should be presented on a balance sheet? A) Cash; inventory; accounts receivable; property, plant, and equipment (PPE). B) Cash; accounts receivable; inventory; property, plant and equipment (PPE). C) Accounts receivable; cash; inventory property, plant, and equipment. D) Cash; inventory; property, plant, and equipment (PPE); accounts receivable.

24. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is the correct order of how assets should be presented on a balance sheet? A) Cash; inventory; accounts receivable; property, plant, and equipment (PPE). B) Cash; accounts receivable; inventory; property, plant and equipment (PPE). C) Accounts receivable; cash; inventory property, plant, and equipment. D) Cash; inventory; property, plant, and equipment (PPE); accounts receivable.

25. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT a liability that a business must include on its balance sheet? A) Wages paid to its employees. B) A short-term bank loan. C) Payments received from customers for products the business has not yet delivered. D) Money owed to suppliers for goods the business has already received.

26. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT a liability that a business must include on its balance sheet? A) Wages paid to its employees. B) A short-term bank loan. C) Payments received from customers for products the business has not yet delivered. D) Money owed to suppliers for goods the business has already received.

27. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is the correct definition of the accounting equation? A) Assets = Liabilities + Owner's Equity B) Owner's Equity = Assets + Liabilities C) Liabilities = Assets + Owner's Equity D) Assets = Liabilities + Initial Owner's Equity

28. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is the correct definition of the accounting equation? A) Assets = Liabilities + Owner's Equity B) Owner's Equity = Assets + Liabilities C) Liabilities = Assets + Owner's Equity D) Assets = Liabilities + Initial Owner's Equity

29. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT a type of equity account? A) Capital Surplus B) Goodwill C) Treasury Stock D) Stock Options

30. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT a type of equity account? A) Capital Surplus B) Goodwill C) Treasury Stock D) Stock Options

31. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow What does it mean when a business has a working capital deficit? A) The business does not have the resources to pay its debts. B) The business lacks the current assets to pay its short-term expenses and liabilities. C) The business's accounts payable are greater than its accounts receivable. D) Inventory levels are too high.

32. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow What does it mean when a business has a working capital deficit? A) The business does not have the resources to pay its debts. B) The business lacks the current assets to pay its short-term expenses and liabilities. C) The business's accounts payable are greater than its accounts receivable. D) Inventory levels are too high.

33. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT a correct way of calculating a liquidity ratio? A) Operating Cash Flow Ratio = Current Liabilities / Operating Cash Flow B) Current Ratio = Total Current Assets / Total Current Liabilities C) Quick Ratio = (Current Asset - Inventories - Prepayments) / Current Liabilities D) Liquidity Ratio = Liquid Assets / Short-term Liabilities

34. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT a correct way of calculating a liquidity ratio? A) Operating Cash Flow Ratio = Current Liabilities / Operating Cash Flow B) Current Ratio = Total Current Assets / Total Current Liabilities C) Quick Ratio = (Current Asset - Inventories - Prepayments) / Current Liabilities D) Liquidity Ratio = Liquid Assets / Short-term Liabilities

35. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT a way to calculate the debt to equity ratio? A) Interest-Bearing Long-Term Debt / Equity B) Debt / (Assets - Debt) C) (Assets - Equity) / Debt D) Debt / (Debt + Equity)

36. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT a way to calculate the debt to equity ratio? A) Interest-Bearing Long-Term Debt / Equity B) Debt / (Assets - Debt) C) (Assets - Equity) / Debt D) Debt / (Debt + Equity)

37. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is NOT information used to calculate an asset's book value? A) The total amount of depreciation, amortization, and impairment costs made against the asset. B) The price of the asset when it was acquired. C) The current market price of the asset. D) The costs associated with originally acquiring the asset, such as broker fees.

38. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is NOT information used to calculate an asset's book value? A) The total amount of depreciation, amortization, and impairment costs made against the asset. B) The price of the asset when it was acquired. C) The current market price of the asset. D) The costs associated with originally acquiring the asset, such as broker fees.

39. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow Which of the following is a limitation associated with using a balance sheet? A) The value of some assets listed on the balance sheets are estimates, not the true financial value. B) All of these answers. C) Some assets, such as the loyalty of the business's workers, are not included on the balance sheet. D) Assets are recorded at their historical cost, not their current market value.

40. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow Which of the following is a limitation associated with using a balance sheet? A) The value of some assets listed on the balance sheets are estimates, not the true financial value. B) All of these answers. C) Some assets, such as the loyalty of the business's workers, are not included on the balance sheet. D) Assets are recorded at their historical cost, not their current market value.

41. Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow The balance sheet is the only financial statement which ____ A) uses estimates. B) uses historical data. C) must conform to accounting standards. D) applies to a single point in time of a business's calendar year.

42. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Financial Statements, Taxes, and Cash Flow The balance sheet is the only financial statement which ____ A) uses estimates. B) uses historical data. C) must conform to accounting standards. D) applies to a single point in time of a business's calendar year.

43. Attribution Wikipedia. "Goodwill (accounting)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Goodwill_(accounting)CC BY-SA 3.0http://en.wikipedia.org/wiki/Goodwill_(accounting) Wikipedia. "Historical cost." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Historical_costCC BY-SA 3.0http://en.wikipedia.org/wiki/Historical_cost Wikipedia. "Intangible asset." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Intangible_assetCC BY-SA 3.0http://en.wikipedia.org/wiki/Intangible_asset Wikipedia. "Balance sheet." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Balance_sheetCC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet Wikipedia. "carrying value." CC BY-SA 3.0 http://en.wikipedia.org/wiki/carrying%20valueCC BY-SA 3.0http://en.wikipedia.org/wiki/carrying%20value Wikipedia. "Fixed assets." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Fixed%20assetsCC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed%20assets Wikipedia. "Debt-to-equity ratio." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Debt-to-equity_ratioCC BY-SA 3.0http://en.wikipedia.org/wiki/Debt-to-equity_ratio Wiktionary. "leverage." CC BY-SA 3.0 http://en.wiktionary.org/wiki/leverageCC BY-SA 3.0http://en.wiktionary.org/wiki/leverage Wikipedia. "Liquidity." CC BY-SA 3.0 http://en.wikipedia.org/wiki/LiquidityCC BY-SA 3.0http://en.wikipedia.org/wiki/Liquidity Wikipedia. "Accounting liquidity." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Accounting_liquidityCC BY-SA 3.0http://en.wikipedia.org/wiki/Accounting_liquidity Wikipedia. "Financial ratio." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Financial_ratioCC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_ratio Wikipedia. "cash equivalents." CC BY-SA 3.0 http://en.wikipedia.org/wiki/cash%20equivalentsCC BY-SA 3.0http://en.wikipedia.org/wiki/cash%20equivalents Wikipedia. "Equity (finance)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Equity_(finance)CC BY-SA 3.0http://en.wikipedia.org/wiki/Equity_(finance) Wikipedia. "Liability (accounting)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Liability_(accounting)CC BY-SA 3.0http://en.wikipedia.org/wiki/Liability_(accounting) Wikipedia. "Balance sheet." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Balance_sheet#LiabilitiesCC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet#Liabilities Wikipedia. "Preferred Stock." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Preferred%20StockCC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock Wikipedia. "Market value." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Market_valueCC BY-SA 3.0http://en.wikipedia.org/wiki/Market_value Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow

44. Wikipedia. "Book value." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Book_valueCC BY-SA 3.0http://en.wikipedia.org/wiki/Book_value Wiktionary. "amortization." CC BY-SA 3.0 http://en.wiktionary.org/wiki/amortizationCC BY-SA 3.0http://en.wiktionary.org/wiki/amortization Wikipedia. "Balance sheet." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Balance_sheet#AssetsCC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet#Assets Wikipedia. "Cash and cash equivalents." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Cash_and_cash_equivalentsCC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_and_cash_equivalents Wikipedia. "Fixed asset." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Fixed_assetCC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed_asset Wikipedia. "Prepaid expenses." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Prepaid_expensesCC BY-SA 3.0http://en.wikipedia.org/wiki/Prepaid_expenses Wikipedia. "Current asset." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Current_assetCC BY-SA 3.0http://en.wikipedia.org/wiki/Current_asset Wikipedia. "Accounts receivable." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Accounts_receivableCC BY-SA 3.0http://en.wikipedia.org/wiki/Accounts_receivable Wikipedia. "Inventory." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Inventory#Financial_accountingCC BY-SA 3.0http://en.wikipedia.org/wiki/Inventory#Financial_accounting Wikipedia. "Equity method." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Equity_methodCC BY-SA 3.0http://en.wikipedia.org/wiki/Equity_method Wikipedia. "Goodwill (accounting)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Goodwill_(accounting)CC BY-SA 3.0http://en.wikipedia.org/wiki/Goodwill_(accounting) Wiktionary. "liquidity." CC BY-SA 3.0 http://en.wiktionary.org/wiki/liquidityCC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity Wikipedia. "Working capital." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Working_capitalCC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital Wiktionary. "deficit." CC BY-SA 3.0 http://en.wiktionary.org/wiki/deficitCC BY-SA 3.0http://en.wiktionary.org/wiki/deficit Boundless Learning. "Boundless." CC BY-SA 3.0 http://www.boundless.com//finance/definition/operating-liquidityCC BY-SA 3.0http://www.boundless.com//finance/definition/operating-liquidity Free to share, print, make copies and changes. Get yours at www.boundless.com Financial Statements, Taxes, and Cash Flow