$1.$ For which of the following would one expect the book value of the asset to differ widely from its market value?

Multiple Choice

$*$inventory$$

$*$cash$$

$*$fixed assets$$

$*$accounts receivable$$

$2.$ On which of the four major financial statements would you find the common stock and paid$-$in surplus?

Multiple Choice

$*$statement of retained earnings$$

$*$income statement$$

$*$statement of cash flows$$

$*$balance sheet$$

$3.$ This is cash flow available for payments to stockholders and debt holders of a firm after the firm has made investments in assets necessary to sustain the ongoing operations of the firm.

Multiple Choice

$*$free cash flow$$

$*$cash flow from operations$$

$*$net cash flow$$

$*$net income available to common stockholders$$

$*$

$4.$ Which of the following activities result in an increase in a firm's cash?

Multiple Choice

$*$pay dividends$$

$*$decrease fixed assets$$

$*$decrease accounts payable$$

$*$repurchase of common stock$$

$*$

$5.$ Balance Sheet$$Nicole Corporation's year$-$end $2019$ balance sheet lists current assets of $$738,000,$ fixed assets of $$590,000,$ current liabilities of $$532,000,$ and long$-$term debt of $$690,000.$ What is Nicole's total stockholders' equity?

Multiple Choice

$*$$$106,000$

$*$$$1,222,000$

$*$There is not enough information to calculate total stockholder's equity.$$

$*$$$1,328,000$

$6.$ These are cash inflows and outflows associated with buying and selling of fixed or other long$-$term assets.

Multiple Choice

$*$cash flows from financing activities$$

$*$net change in cash and cash equivalents$$

$*$cash flows from operations$$

$*$cash flows from investing activities$$

$*$