1. How would you go about measuring the value of these assets for inclusion on the balance sheet?

1. According to GAAP, what is the balance sheet valuation of each of the following assets?
2. Trade accounts receivable
3. Land
4. Inventories
5. Trading securities
6. Prepaid expenses

1. Which financial statement do you think is more important to an investor or creditor the Income statement or the Balance sheet and why?

1. How are dividends received and paid treated in terms of what type of cash flow activities they are and why?

1. Let's say a company buys a piece of equipment by signing a note ....Which section of the statement of cash flows will this fit into?

1. Please list and discuss some of the adjustments that must be made to convert Net Income to Net Cash from Operating activities

1. As an Investor or employee would you be concerned If a company starts to generate most of it's cash flows from Investing activities......why or why not? Assume the company is not an investment company