1.Noncash operating working capital includes which of the following (mark all that apply, if any).

a) Inventory

b)Accounts receivable

c)Accounts payable

d)Customer deposit liability (deferred revenue)

e)Accumulated depreciation

f)Accrued liabilities (operating)

g)Prepayment assets (prepaid expenses)

2.

Caroline's Hardware, a retail store sold store fixtures during the current period for $60,000. The fixtures had cost $120,000 two years ago. Accumulated depreciation on the fixtures was $50,000 at the time they were sold. The income statement for the period reported a loss on the sale of $10,000. What amount should be reported in the cash flow statement investing activity section for the cash flow from that sale?

Question 7 options:

	$60,000
	-$10,000
	$40,000
	$0
	$50,000

3.A current ratio greater than 1.0 is generally desirable for a company, according to DMP. Harvey does not think much of fixed numerical benchmarks for financial ratios and suggests comparing a firm's ratio values with industry averages and/or ratio values for industry leaders.

Question 8 options:

	True
	False