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WGU C214 Exam Study Questions | 100 Questions with 100% Correct Answers | Verified | Latest Update
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Which will be larger: actual taxes payable or accounting income tax expense - Accounting tax expense will be higher; actual taxes based on IRS rules will be lower Which cash flow measures the change in long term assets? - Cash flow investing Which financial ratios measure "efficiency"? - Asset turnover and Fixed Asset turnover Which ratio is the best measure of a firm's ability to pay bills? - Quick ratio Which decision requires using subjective estimates? - Useful (depreciable) life of a new asset What is the yield to maturity of a bond? - The return earned from purchase date to maturity If a bond pays $50 interest per year and yields 4%, what is its price? - Premium price; i.e. $50 interest = 5% coupon; if CouponYield, premium price
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