Which one of the following is included in a firm's market value but yet is excluded from the firm's accounting value?

The cash flow related to interest payments less any net new borrowing is called the:    A.  operating cash flow. B.  capital spending cash flow. C.  net working capital. D.  cash flow from assets. E.  cash flow to creditors. Refer to section 2.4

12.

Cash flow to stockholders is defined as:    A.  the total amount of interest and dividends paid during the past year. B.  the change in total equity over the past year. C.  cash flow from assets plus the cash flow to creditors. D.  operating cash flow minus the cash flow to creditors. E.  dividend payments less net new equity raised. Refer to section 2.4

13.	Which one of the following is classified as an intangible fixed asset?    A.  accounts receivable B.  production equipment C.  building D.  trademark E.  inventory Refer to section 2.1

14.	Which of the following are current assets? I. patent II. inventory III. accounts payable IV. cash    A.  I and III only B.  II and IV only C.  I, II, and IV only D.  I, II and IV only E.  II, III, and IV only Refer to section 2.1

15.

Which one of the following is included in a firm's market value but yet is excluded from the firm's accounting value?    A.  real estate investment B.  good reputation of the company C.  equipment owned by the firm D.  money due from a customer E.  an item held by the firm for future sale Refer to section 2.1