Single choice 5) EBITDA (Earnings before interest, tax, depreciation and amortization) is seen by analysts as a useful but flawed number. What is its main weakness? O EBITDA may be a proxy for operational cash flow but is irrelevant as the true cash flow is revealed in the Statement of cash flows EBITDA has no correlation with cash EBITDA is not widely used and therefore useful comparison is difficult EBITDA is based on numbers derived using accruals accounting and so can be distorted by accounting policies Single choice 6) Why is purchased goodwill not amortized under IFRS? O It is an indefinite life asset It is an asset with a finite life Assuming positive inflation the value of the asset will always increase It appreciates in value Single choice 7) What result does the MATCH function return when used on its own? The lookup value located in a specific location The value that is the same as the lookup value The cell reference of the lookup value The relative position of a lookup value within the selected array