Vrite the letter of the term that best matches the each of the following definitions A. Cash equivalents B. Direct method C. Indirect method D. Noncash items E. Noncash transactions 1. Short-term, highly liquid investments that can easily be converted into cash. A method of reporting net cash flows from operations that involves converting 3. Items included in the determination of net income on an accrual basis that do not A method of reporting net cash flows from operations that shows the major 2. accrual-basis net income to a cash basis. affect cash; for example, depreciation and amortization. - 4. -classes of cash receipts and payments for a period of time. 5. Investing and financing activities that do not affect cash; if significant, they are disclosed below the statement of cash flows or in the notes to the financial A. Solvency B. Efficiency C. Liquidity D. Financial statement analysis -6. Fin by al statement numbers by total sales for the year. 7. A company's ability to pay its debts in the short run. 8. A company's long-run financial viability and its ability to cover long-term obligations. 9. How much revenue is generated from a certain level of assets. The examination ofboth the and the trends in those numbers over time. 10 among financial statement numbers Dr. Boscia -Version 1