I have a 15 question test ($20) after if you are interested.

1.We know that ________ is an accounting concept that allows us to match the expenses associated with long-lived assets to the revenues that those assets helped generate. (Points : 20)

accrued expenses depreciation current assets net fixed assets

Question 2.2.For tax purposes, the Internal Revenue Service classifies assets and determines the ________of those asset classes. (Points : 20)

book value depreciable years market value service life

Question 3.3.Book value is an accounting value obtained from the balance sheet. Book value is simply ________.(Points : 20)

the sum of all the common equity accounts the total value of the buildings and land the sum of accounts receivable plus working capital the total value of all machinery and equipment

Question 4.4.Future expansion depends on the forecast of ________ growth. Financial managers need to estimate this growth, along with the financial needs necessary to support this growth, and then begin planning to raise these funds. (Points : 20)

future production construction manufacturing future sales

Question 5.5.The ________ of the firm is the sum of the total number of common shares outstanding multiplied by the current price per share. (Points : 20)

current value market value fixed value book value