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d. paying more in taxes The income statement line item that shows the performance of operating activities without consideration of financing is a. Net Income 9. EBIT EBT d. Total Assets 10. Which of the following equations is coreet? Dividends - Net income-Change in Retained Earnings Dividends Net income + Change in Retained Earnings c. Dividends Change in Retained earnings- Net income d. none of the above 11. Which of the following is not included in the calculation of current assets? a. Accruals b. Accounts Receivable c. Allowance for Doubtful Accounts d. Cash . Inventory 12. Which of the following does not appear on the right hand side of the balance sheet? Current Liabilities Accounts Reccivable c. Retained Earnings d. Long Term Debt c. Total Equity 13. Net working capital can be referred to as: a. total assets minus current liabilitics b. current assets minus total liabilities c. cash minus current liabilities current assets minus current liabilities 14. When an account is determined to be uncollectible, "writing off" the bad debt usually involves: a. reducing the reccivables balance and the bad debt reserve by the amount of the account b. writing a letter to the customer demanding payment c. "expensing the amount deemed uncollectible d. all of the above 15.The net book value of an asset is a. Original cost less the current year's depreciation expense. b. Original cost less accumulated depreciation. c. Current market value of the asset less associated selling expense. d. Current market value of the asset. Which of the following will increase equity? a. An increase in dividends paid b. Issuance of new stock c. An increase in retained carnings from net income or EAT d. Both b&c e. All of the above 16