Q: When Buffett refers to the hidden value of intangibles, he is talking about: Select one: a. Internally developed assets that are not included on a balance sheet b. Internally developed assets that are included on a balance sheet c. Intangible assets acquired from third parties d. An asset that does not have much value to a company Q: In terms of short-term debt, Buffett believes: Select one: a. Companies that have more short-term than long-term debt are safer investments b. Using short-term money will protect a company against shifts in the credit market c. It is not an important part of financial analysis of a company d. Borrowing short-term and lending long-term is risky Q: The liability section of the balance sheet: Select one: a. Provides specific information on the company's borrowing transactions during the previous year b. Provides information on what the company owes on a specific date c. Includes the goodwill of companies purchased by a company d. Should not include long-term debt due within a year