A B Cash Basis of Accounting Accrual Basis of Accounting C Cash Budget Part I: Matching (1 point each, 20 total points) Choose the best answer!!! L Dividends M Earnings per Share N Financing Activities DCash Equivalents Free Cash Flows E Classified Financial Statements P Income from Continuing Operations F Comparative Financial Statements Q Investing Activities. G Consolidated Financial Statements R Operating Activities H Current Assets S Operating Cycle I Current Liabilities T Price Earnings Ratio J Current Ratio U Prior Period Adjustment K Discontinued Operations V Working Capital 1. 2. 123 A distribution of profits to shareholders Current assets divided by current liabilities 3. Highly liquid short-term investments, such as Treasury bills, money market funds and certificates of deposits 4. A correction of a material error in the earnings reported in the financial statements of a prior period 5. Similar items are arranged in groups, and subtotals are shown to assist users in analyzing the statements 6. A Revenue is recorded when earned and expenses are recorded when incurred, used or consumed Can be converted to cash or used up within one year of the balance sheet 7. 8. 9. Net income divided by the number of weighted average outstanding common shares The number of days to turn cash into cash 10. Cash flow from day to day operations of the business 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. The net operating results of a segment of a company that has been sold, as well as the gain or loss on disposal The operating results for two or more years presented in a side-by-side format to facilitate comparison Market value per share of stock divided by earnings per share A detailed forecast of expected future cash receipts and cash disbursements Debts or obligations that will be paid off within one year of the balance sheet Cash flow from purchasing and/or selling long term assets Operating results that combine the activities of a parent company and its subsidiaries Net cash flows from operating activities less the purchase of plant assets and less the payment of cash dividends Presents the profitability of the company's ongoing operations Cash flow from transactions with creditors and owners