FIN515 Midterm exams
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Prestopino had negative net income in 2010.
Prestopino’s depreciation expense in 2010 was less than $150,000.
Prestopino had positive net income in 2010, but its income was less than its 2009 income.
Prestopino's NCF in 2010 must be higher than its NCF in 2009.
Prestopino’s cash on the balance sheet at the end of 2010 must be lower than the cash it had on the balance sheet at the end of 2009.
See Chapter 2.
Choice a is true; all others are false.
a: True (as the company pays no dividends, the decrease in retained earnings is from negative earnings or losses)
b: Does not explain change in retained earnings value
c: Does not explain change in retained earnings value
d: Cash flow does not relate to retained earnings.
e: Cash flow does not relate to retained earnings.
[Solved] FIN515 Midterm exams
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FIN515 Midterm exams
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