What is goodwill

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Reference no: EM131551637

Question: 1: Why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity via retained earnings?

2: Walk me through a cash flow statement.

3: What is working capital?

4: Is it possible for a company to show positive cash flows but be in grave trouble?

5: How is it possible for a company to show positive net income but go bankrupt?

6: I buy a piece of equipment, walk me through the impact on the 3 financial statements.

7: Why are increases in accounts receivable a cash reduction on the cash flow statement?

8: How is the income statement linked to the balance sheet?

9: What is goodwill?

10: What is a deferred tax liability and why might one be created?

Reference no: EM131551637

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