Boundless Lecture Slides Available on the Boundless Teaching

Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www. boundless. com

Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Using Boundless Presentations The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. Get started now at: http: //boundless. com/teaching-platform Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless. com Free to share, print, make copies and changes. Get yours at www. boundless. com

About Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1, 000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, i. OS apps, Kindle books, and i. Books. To get started learning or teaching with Boundless, visit boundless. com. Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow Introducing Financial Statements The Income Statement The Balance Sheet Tax Considerations The Statement of Cash Flows Financial Statements, Taxes, and Cash Flow Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow (continued) Other Statements Financial Statements, Taxes, and Cash Flow Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow > Introducing Financial Statements • Defining the Financial Statement • Uses of the Financial Statement • Limitations of Financial Statements Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/introducing-financial-statements 31/

Financial Statements, Taxes, and Cash Flow > The Income Statement • Elements of the Income Statement • Limitations of the Income Statement • Effects of GAAP on the Income Statement • Noncash Items Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-income-statement-32/

Financial Statements, Taxes, and Cash Flow > The Balance Sheet • Assets • Liabilities and Equity • Working Capital • Liquidity • Debt to Equity • Market Value vs. Book Value • Limitations of the Balance Sheet Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-balance-sheet-33/

Financial Statements, Taxes, and Cash Flow > Tax Considerations • Corporate Taxes • Tax Deductions • Depreciation • Individual Taxes Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/tax-considerations-34/

Financial Statements, Taxes, and Cash Flow > The Statement of Cash Flows • Cash Flow from Operations • Cash Flow from Investing • Cash Flow from Financing • Interpreting Overall Cash Flow Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/the-statement-of-cash-flows-35/

Financial Statements, Taxes, and Cash Flow > Other Statements • The Statement of Equity • Depreciation • Free Cash Flow • MVA and EVA Free to share, print, make copies and changes. Get yours at www. boundless. com/finance/textbooks/boundless-finance-textbook/financial-statements-taxes-and-cash-flow-2/other-statements-36/

Appendix Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow Key terms • amortization The distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. • amortize To wipe out (a debt, liability etc. ) gradually or in installments. • Assets economic resources that represent value of ownership that can be converted into cash (although cash itself is also considered an asset) • audit The verification of the financial statements of a legal entity intended to enhance the degree of confidence of intended users in the financial statements by providing reasonable assurance that the financial statements are presented fairly. • capital expenditure Funds spent by a company to acquire or upgrade a long-term asset. • capital gains Profit that results from a disposition of a capital asset, such as stock, bond, or real estate due to arbitrage. • carrying value In accounting, book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or Impairment costs made against the asset. • cash equivalents A deferred expense or prepayment, prepaid expense, plural often prepaids, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period. • cash flow The sum of cash revenues and expenditures over a period of time. • corporate governance The roles and relationships between a company's management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests and the nature and extent of accountability of people in the business. Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • deferred Of or pertaining to a value that is not realized until a future date, e. g. annuities, charges, taxes, income, either as an asset or liability. • deficit the amount by which spending exceeds revenue • depreciation The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets. • equity The residual claim or interest to investors in assets after all liabilities are paid. If liability exceeds assets, negative equity exists and can be purchased through stock. • fair market value An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market. An estimate of fair market value may be founded either on precedent or extrapolation but is subjective. Fair market value differs from other ways of determining value, such as intrinsic and imposed value. • FIFO Method for accounting for inventories. FIFO stands for first-in, first-out, and assumes that the oldest inventory items are recorded as sold first. • filing status A status defining the type of tax return form an individual will use, which is based on marital status and family situation. • financial analysis Financial analysis (also referred to as financial statement analysis) refers to an assessment of the viability, stability, and profitability of an organization or project. • financing A transaction that provides funds for a business. • financing activities actions where money is flowing between the company and investors in the company, such as banks and shareholders • Fixed assets, also known as non-current assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets, such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. • free cash flow net income plus depreciation and amortization, less changes in working capital, less capital expenditure Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • GAAP An acronym for "Generally Accepted Accounting Principles. " The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. • GAAP Generally Accepted Accounting Principles refer to the standard framework of guidelines, conventions, and rules accountants are expected to follow in recording, summarizing, and preparing financial statements in any given jurisdiction. • gross profit The difference between net sales and the cost of goods sold. • IFRS International Financial Reporting Standards. The major accounting standards system used outside of the United States. • income bond a debt instrument where coupon payments are only made if the issuer can afford it • income statement a calculation which shows the profit or loss of an accounting unit during a specific period of time, providing a summary of how the profit or loss is calculated from gross revenue and expenses • investing activities actions where money is put into something with the expectation of gain, usually over a longer term • investing activity An activity that causes changes in non-current assets or involves a return on investment. • jurisdiction the limits or territory within which authority may be exercised • leverage The use of borrowed funds with a contractually determined return to increase the ability of a business to invest and earn an expected higher return (usually at high risk). • liabilities an obligation of an entity arising from past transactions or events, including any type of borrowing • LIFO Method for accounting for inventory. LIFO stands for last-in, first-out, and assumes that the most recently produced items are recorded as sold first. Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • liquidity Availability of cash over short term: ability to service short-term debt. • liquidity ratio measurement of the availability of cash to pay debt • matching principle According to the principle, expenses are recognized when obligations are (1) incurred (usually when goods are transferred or services rendered, e. g. sold), and (2) offset against recognized revenues, which were generated from those expenses, no matter when cash is paid out. In cash accounting—in contrast—expenses are recognized when cash is paid out. • merger The legal union of two or more corporations into a single entity, typically assets and liabilities being assumed by the buying party. • net income Gross profit minus operating expenses and taxes. • net working capital current assets minus current liabilities • NOPAT (net operating profit after tax) is profits derived from a company's operations after cash taxes but before financing costs and non-cash bookkeeping entries. It is the total pool of profits available to provide a cash return to those who provide capital to the firm. • obsolescence The state of being obsolete—no longer in use; gone into disuse; disused or neglected. • operating liquidity The ability of a company or individual to quickly convert assets to cash for the purpose of paying operating expenses. • Preferred Stock with a dividend, usually fixed, that is paid out of profits before any dividend can be paid on common stock. It also has priority to common stock in liquidation. • purchase return merchandise given back to the seller from the buyer after the sale in return for a refund • retained earnings The portion of net income that is retained by the corporation rather than distributed to its owners as dividends. Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • salvage value The estimated value of an asset at the end of its useful life. • statement of cash flows a financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow Statement of cash flows The management of working capital involves managing inventories, accounts receivable and payable, and cash. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "05 Statement Cash Flows Trust Funds. " CC BY-SA http: //commons. wikimedia. org/wiki/File: 05_Statement_Cash_Flows_Trust_Funds. jpg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Sales Tax Rates This graph shows the effective sales tax rates for the 50 states. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Average Effective Sales Tax of the 50 States (2007). " CC BY-SA http: //en. wikipedia. org/wiki/File: Average_Effective_Sales_Tax_of_the_50_States_(2007). gif View on Boundless. com

Financial Statements, Taxes, and Cash Flow Depreciation This is the units-of-production method for calculating depreciation. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Depreciation. " GNU FDL http: //en. wikipedia. org/wiki/Depreciation View on Boundless. com

Financial Statements, Taxes, and Cash Flow NYSE The cash from issuing stocks in a market such as the New York Stock Exchange is positive financing cash flow. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | New York Stock Exchange | Flickr - Photo Sharing!. " CC BY-SA http: //www. flickr. com/photos/smilygrl/5226627669/sizes/m/in/photostream/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow Machinery is an example of a noncash asset. Free to share, print, make copies and changes. Get yours at www. boundless. com Fotopedia. CC BY-SA http: //www. fotopedia. com/items/flickr-6836303340 View on Boundless. com

Financial Statements, Taxes, and Cash Flow Four depreciation methods Different methods of depreciation affect the carrying value of an asset on balance sheets. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "4 Depreciation methods. " CC BY-SA http: //commons. wikimedia. org/wiki/File: 4_Depreciation_methods. svg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Depreciation This is the formula used to calculate straight-line depreciation. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Depreciation. " GNU FDL http: //en. wikipedia. org/wiki/Depreciation View on Boundless. com

Financial Statements, Taxes, and Cash Flow Depreciation methods which are essential in calculating book value 4 Depreciation methods (1. Straight-Line method, (2. Double-Declining Balance method, (3. Sum-of-the-Years' Digits method, (4. Productive output method) Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "4 Depreciation methods. " CC BY-SA http: //commons. wikimedia. org/wiki/File: 4_Depreciation_methods. svg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Income statement GAAP and IRS accounting can differ. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | y 2 cary 3 n 6 mng-5 ha 51 l-income-statement-example | Flickr - Photo Sharing!. " CC BY http: //www. flickr. com/photos/sampjb/7690678408/sizes/m/in/photostream/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow Statement Example of cash flow statement (indirect method) Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement%23 Indirect_method View on Boundless. com

Financial Statements, Taxes, and Cash Flow Consolidated financial statements Financial statements can include a number of inaccuracies and limitations that affect the way a company can be viewed. Free to share, print, make copies and changes. Get yours at www. boundless. com http: //acmilan-shqip. org/eng/editorials/milan-group-financials/attachment/consolidated-balance-sheet/. CC BY http: //acmilan-shqip. org/eng/editorials/milan-groupfinancials/attachment/consolidated-balance-sheet/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow US Corporate Tax Rates This graph shows the effect of corporate tax rates in the U. S. from 1947 through 2012. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "US effective corp tax rate 1947 -2012. " CC BY-SA http: //commons. wikimedia. org/wiki/File: US_effective_corp_tax_rate_1947 -2012. png View on Boundless. com

Financial Statements, Taxes, and Cash Flow Income statement Accounting for inventory can be done in different ways, leading to differences in statements. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | y 2 cary 3 n 6 mng-5 ha 51 l-income-statement-example | Flickr - Photo Sharing!. " CC BY http: //www. flickr. com/photos/sampjb/7690678408/sizes/m/in/photostream/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow Liquidity Monthly liquidity of an organic vegetable business Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "Monthly-liquidity. " CC BY-SA http: //commons. wikimedia. org/wiki/File: Monthly-liquidity. png View on Boundless. com

Financial Statements, Taxes, and Cash Flow A Sample Income Statement Expenses are listed on a company's income statement. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | y 2 cary 3 n 6 mng-5 ha 51 l-income-statement-example | Flickr - Photo Sharing!. " CC BY-SA http: //www. flickr. com/photos/sampjb/7690678408/sizes/l/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow MVA Calculation of MVA Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Market value added. " GNU FDL http: //en. wikipedia. org/wiki/Market_value_added View on Boundless. com

Financial Statements, Taxes, and Cash Flow Total Effective Tax Rates This graph shows the total effective tax rates for each earning class in 2011. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Total Effective Tax Rates 2011. " CC BY-SA http: //en. wikipedia. org/wiki/File: Total_Effective_Tax_Rates_2011. jpg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Federal Tax Receipts This chart depicts the level of tax received by the United States federal government from each source in 2010. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Federal Receipts by Source, 2010. " CC BY-SA http: //en. wikipedia. org/wiki/File: Federal_Receipts_by_Source, _2010. jpg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Free Cash Flow An example of calculating free cash flow. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "DCFM Calculator. " CC BY-SA http: //commons. wikimedia. org/wiki/File: DCFM_Calculator. JPG View on Boundless. com

Financial Statements, Taxes, and Cash Flow MVA and EVA MVA is the present value of a series of EVA values. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Economic value added. " GNU FDL http: //en. wikipedia. org/wiki/Economic_value_added View on Boundless. com

Financial Statements, Taxes, and Cash Flow Balance Sheet Sample Domestic Balance Sheet (DBS) to be referenced by Domestic Well-Being Accounting (DWBA) Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "DWBA DBS. " CC BY-SA http: //commons. wikimedia. org/wiki/File: DWBA_DBS. jpg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Comparison Company B has a higher yearly cash flow. However, Company A is actually earning more cash by its core activities and has already spent 45 million dollars in long-term investments, of which revenues will show up after three years. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Cash Flow. " GNU FDL http: //en. wikipedia. org/wiki/Cash_Flow View on Boundless. com

Financial Statements, Taxes, and Cash Flow Keeping Money Organized Financial Statements help keep money organized. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | Personal Finance | Flickr - Photo Sharing!. " CC BY-SA http: //www. flickr. com/photos/68751915@N 05/6757875045/sizes/z/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow Budget One of the uses of financial statements is as a budgeting tool, as in this example. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "AFRH Budget Chart. " CC BY-SA http: //commons. wikimedia. org/wiki/File: AFRH_Budget_Chart. jpg View on Boundless. com

Financial Statements, Taxes, and Cash Flow Marginal Income Tax Rates This graph plots the marginal income tax rates for the top tax bracket in the US from 1913 to 2009. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "Marginal. Income. Tax. " CC BY-SA http: //commons. wikimedia. org/wiki/File: Marginal. Income. Tax. svg View on Boundless. com

Financial Statements, Taxes, and Cash Flow US GAAP vs. IFRS Cash Flow Classification Some transactions may be classified as different types of cash flows under GAAP and IFRS accounting standards. Free to share, print, make copies and changes. Get yours at www. boundless. com Accounting News. "statements: cash_flow_statement [Accounting News]. " CC BY-SA http: //accountingnews. org/doku. php? id=statements: cash_flow_statement View on Boundless. com

Financial Statements, Taxes, and Cash Flow Straight-Line Depreciation Annual depreciation expense is equal to the original cost of the asset minus its salvage value, divided by the useful life of the asset. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Depreciation. " GNU FDL http: //en. wikipedia. org/wiki/Depreciation View on Boundless. com

Financial Statements, Taxes, and Cash Flow Leverage Ratios of Investment Banks Each of the five largest investment banks took on greater risk leading up to the subprime crisis. This is summarized by their leverage ratio, which is the ratio of total debt to total equity. A higher ratio indicates more risk. Free to share, print, make copies and changes. Get yours at www. boundless. com Wikimedia. "Leverage Ratios. " CC BY-SA http: //commons. wikimedia. org/wiki/File: Leverage_Ratios. png View on Boundless. com

Financial Statements, Taxes, and Cash Flow Accounting equation Assets = Liabilities + Owner's Equity Free to share, print, make copies and changes. Get yours at www. boundless. com Wikipedia. "Liability (accounting). " GNU FDL http: //en. wikipedia. org/wiki/Liability_(accounting) View on Boundless. com

Financial Statements, Taxes, and Cash Flow The Statement of Retained Earnings and Stockholders' Equity The statement of retained earnings uses information from the income statement and provides information to the balance sheet. Free to share, print, make copies and changes. Get yours at www. boundless. com Flickr. "All sizes | Analyzing Financial Data | Flickr - Photo Sharing!. " CC BY http: //www. flickr. com/photos/davedugdale/5099605109/sizes/l/ View on Boundless. com

Financial Statements, Taxes, and Cash Flow Attribution • Wikipedia. "Financial statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Financial_statement • Wiktionary. "liabilities. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/liabilities • Wiktionary. "equity. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/equity • Wikipedia. "Assets. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Assets • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/financial-analysis • Wiktionary. "fair market value. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/fair_market_value • Wiktionary. "deferred. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/deferred • Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement%23 Indirect_method • Wikipedia. "Cash Flow. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_Flow • Wiktionary. "GAAP. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/GAAP • Wikipedia. "Operating cash flow. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Operating_cash_flow • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/ifrs • Wikipedia. "Tax rate. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Tax_rate%23 Marginal • Wikipedia. "capital gains. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/capital%20 gains • Wikipedia. "Corporate taxes. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Corporate_taxes • Wikipedia. "Tax deductions. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Tax_deductions Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wikipedia. "Gross income. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Gross_income • Wiktionary. "deduction. " CC BY-SA http: //en. wiktionary. org/wiki/deduction • Wikipedia. "salvage value. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/salvage%20 value • Wikipedia. "Depreciation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Depreciation • Wikipedia. "Tax deductions. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Tax_deductions • Wiktionary. "amortize. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/amortize • Wikibooks. "Depreciation. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Depreciation • Wikipedia. "Partnership taxation (USA). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Partnership_taxation_(USA) • Wikipedia. "Limited liability company. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Limited_liability_company • Wikipedia. "Corporate taxes. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Corporate_taxes • Wikipedia. "Sole proprietorship. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Sole_proprietorship • Wikipedia. "C corporation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/C_corporation • Wiktionary. "jurisdiction. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/jurisdiction • Wikipedia. "S corporation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/S_corporation • Wikibooks. "US Corporate Law/Introduction. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/US_Corporate_Law/Introduction • Wikipedia. "Tax deductions. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Tax_deductions • Wikipedia. "Income tax. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Income_tax • Wikipedia. "Direct tax. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Direct_tax • Wikipedia. "Tax. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Tax%23 Taxes_on_income Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wikipedia. "filing status. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/filing%20 status • Wikipedia. "Taxation in the United States. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Taxation_in_the_United_States • Wikipedia. "Goodwill (accounting). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Goodwill_(accounting) • Wikipedia. "Balance sheet. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Balance_sheet • Wikipedia. "Fixed assets. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Fixed%20 assets • Wikipedia. "Historical cost. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Historical_cost • Wikipedia. "Intangible asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Intangible_asset • Wikipedia. "carrying value. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/carrying%20 value • Wiktionary. "depreciation. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/depreciation • Wikipedia. "Income statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Income_statement • Wikipedia. "Amortization. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Amortization • Wikipedia. "Asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Asset • Wikipedia. "Depreciation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Depreciation • Wikipedia. "Intangible asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Intangible_asset • Wiktionary. "amortization. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/amortization • Wiktionary. "obsolescence. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/obsolescence • Wikibooks. "Intermediate Accounting/Preparation of Financial Statements. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Intermediate_Accounting/Preparation_of_Financial_Statements • Wikipedia. "Fixed asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Fixed_asset • Wikibooks. "Accountancy/Non-current assets. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Accountancy/Non-current_assets Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wikipedia. "Income statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Income_statement • Wikipedia. "FIFO and LIFO accounting. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/FIFO_and_LIFO_accounting • Wikipedia. "Depreciation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Depreciation • Wikipedia. "Creative accounting. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Creative_accounting • Wikipedia. "FIFO. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/FIFO • Wikipedia. "Matching principle. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Matching_principle • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/matching-principle • Wikibooks. "Getting Started as an Entrepreneur/Plan/Measuring Your Success. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Getting_Started_as_an_Entrepreneur/Plan/Measuring_Your_Success • Wikipedia. "LIFO. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/LIFO • Wikipedia. "Valuation (finance). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Valuation_(finance) • Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement • Wiktionary. "financing. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/financing • Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement%23 Financing_activities • Wikibooks. "Accountancy/Cash Flow Statement. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Accountancy/Cash_Flow_Statement • Wikipedia. "Economic value added. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Economic_value_added • Wikipedia. "NOPAT. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/NOPAT • Wikipedia. "Market value added. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Market_value_added • Wikipedia. "Generally accepted accounting principles. " CC BY-SA 3. 0 https: //en. wikipedia. org/wiki/Generally_accepted_accounting_principles • Wiktionary. "audit. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/audit Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wiktionary. "GAAP. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/GAAP • Wikipedia. "Debt-to-equity ratio. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Debt-to-equity_ratio • Wiktionary. "leverage. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/leverage • Wikipedia. "Statement of retained earnings. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Statement_of_retained_earnings • Wiktionary. "retained earnings. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/retained+earnings • Wikipedia. "Financial ratio. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Financial_ratio • Wikipedia. "Liquidity. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Liquidity • Wikipedia. "Accounting liquidity. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Accounting_liquidity • Wikipedia. "cash equivalents. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/cash%20 equivalents • Wikipedia. "Investing. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Investing • Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement • Wikipedia. "Returning. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Returning • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/investing-activity • Wiktionary. "merger. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/merger • Wikibooks. "Accountancy/Cash Flow Statement. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Accountancy/Cash_Flow_Statement • Wikipedia. "Cash flow statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_flow_statement • Wikipedia. "Cash Flow. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_Flow • Wikipedia. "Free cash flow. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Free_cash_flow • Wiktionary. "free cash flow. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/free_cash_flow Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wiktionary. "cash flow. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/cash_flow • Wikipedia. "Liability (accounting). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Liability_(accounting) • Wikipedia. "Balance sheet. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Balance_sheet%23 Liabilities • Wikipedia. "Equity (finance). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Equity_(finance) • Wikipedia. "Preferred Stock. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Preferred%20 Stock • Wikipedia. "Market value. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Market_value • Wikipedia. "Book value. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Book_value • Wiktionary. "amortization. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/amortization • Wikipedia. "Current asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Current_asset • Wikipedia. "Inventory. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Inventory%23 Financial_accounting • Wikipedia. "Goodwill (accounting). " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Goodwill_(accounting) • Wikipedia. "Prepaid expenses. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Prepaid_expenses • Wikipedia. "Balance sheet. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Balance_sheet%23 Assets • Wikipedia. "Equity method. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Equity_method • Wiktionary. "liquidity. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/liquidity • Wikipedia. "Accounts receivable. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Accounts_receivable • Wikipedia. "Cash and cash equivalents. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Cash_and_cash_equivalents • Wikipedia. "Fixed asset. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Fixed_asset • Wikipedia. "salvage value. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/salvage%20 value Free to share, print, make copies and changes. Get yours at www. boundless. com

Financial Statements, Taxes, and Cash Flow • Wikipedia. "Depreciation. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Depreciation • Wikipedia. "Free cash flow. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Free_cash_flow • Wiktionary. "amortization. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/amortization • Wiktionary. "capital expenditure. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/capital_expenditure • Wikipedia. "Net working capital. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Net_working_capital • Wikipedia. "Working capital. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Working_capital • Wiktionary. "deficit. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/deficit • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/operating-liquidity • Wiktionary. "net income. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/net_income • Wiktionary. "income statement. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/income_statement • Wikipedia. "Income statement. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Income_statement • Wikipedia. "Statement of cash flows. " CC BY-SA 3. 0 http: //en. wikipedia. org/wiki/Statement_of_cash_flows • Wiktionary. "gross profit. " CC BY-SA 3. 0 http: //en. wiktionary. org/wiki/gross_profit • Boundless Learning. "Boundless. " CC BY-SA 3. 0 http: //www. boundless. com//finance/definition/income-bond • Wikibooks. "Intermediate Accounting/Preparation of Financial Statements. " CC BY-SA 3. 0 http: //en. wikibooks. org/wiki/Intermediate_Accounting/Preparation_of_Financial_Statements Free to share, print, make copies and changes. Get yours at www. boundless. com