12. Buildings and machinery are considered to be _____ assets.

	a.	current
	b.	fixed
	c.	short-term
	d.	other

16. Which of the following assets would considered an other asset?

	a.	Land
	b.	Machinery
	c.	Contingency funds
	d.	Goodwill

Depreciation is added back on the statement of cash flows in which of the following sections?

	a.	Financing Activities
	b.	Purchasing Activities
	c.	Investment Activities
	d.	Operating Activities

27. Amir left a large company to start his own firm. Which of the following is he more likely to rely on for financing in the early stages?

	a.	Bank loan
	b.	IPO
	c.	Retirement savings
	d.	Bond sales

32. Aileen Lee is ranked among the world's top venture capitalists, but when she invests in a company, she cannot demand more than

	a.	those who have invested debt in the enterprise.
	b.	what is earned.
	c.	anticipated future financing.
	d.	established cash flows.

43. Galen runs a Greek restaurant and is currently considering leasing or purchasing some updated equipment. Which of the following statements is correct?

	a.	If the equipment he is buying will become outdated in two years, leasing would be a better option than purchasing.
	b.	Because the restaurant is new and he wants to protect his cash flow, purchasing would be better since purchasing costs less than leasing.
	c.	If the equipment is leased, the restaurant's lines of credit will be increased.
	d.	Leasing is always more expensive than purchasing over the term of the lease.