Question
Which of the following is NOT correct? A.Rather than treating cash as an operating asset, it is netted against debt to get net debt. B.Enterprise
Which of the following is NOT correct?
A.Rather than treating cash as an operating asset, it is netted against debt to get net debt.
B.Enterprise value + net debt = equity value.
C.Operating liabilities are usually all liabilities except for debt and debt-like liabilities.
D.Operating assets are usually all assets except for cash and investment assets.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
