Answer:
d. accounts receivable.
Explanation:
We know that
The current assets = Cash and cash equivalents + Short-term investments + Notes receivable + Inventories + Prepaid expenses and other related current assets
And, current liabilities comprise of
= Short-term note payable + Accounts payable + current portion of long-term debt
The duration of the current asset and the current liabilities within one year.
Therefore, the account receivable is not an example of current liabilities.
Answer:
B. 459.3 million
Explanation:
FCF5 = $26 million * (1 + 0.06) = 27.6 million
and to continue
V4 = $27.6 million / (0.12 - 0.06) = 459.3 million
The option B is the correct answer.
Answer: C. As reporting for an integral part of an annual period.
Explanation:
Interim Financial reporting should be treated as an important and complete part of the annual financial statement. It should follow all the generally accepted accounting principles. More reason for that is tax rates used in interim report is the same that is used in the annual financial statement as well (due to the estimate taken in the interim report). Many of the firms consider the interim financial reporting as an integral part of the annual report.
