How does financial leverage help on the upside and hurt on the downside? Please explain your answer.

6. When short term liabilities exceed short term assets, what options are available to a going concern?

7. Depreciation and amortization are non-cash expenses that are deductible for tax purposes. In the extreme, as in some sports teams, why are these appealing to very rich individual investors?

8. In what way does equity represent a residual interest in the profits of a company?