Long-term Liabilities and Net Worth

What is the primary focus of liquidity analysis in balance sheet analysis?

What is the ability of a farm business to generate cash beyond a one-year period called?

What is the residual claim against the assets of the business after total liabilities are deducted as of the date of the balance sheet?

What is the primary purpose of balance sheet analysis ratios?

What is the ability of a farm business to meet all its obligations as they come due without disrupting normal farm operations called?

What is the term for the amount of cash and other resources available for short-term financial planning?

Which of the following assets are typically used to produce agricultural commodities and can be sold to generate cash income?

What is the primary purpose of a farm's formal records?

Which type of liability is typically paid back within a short time?

What is the primary characteristic of current assets?

Which of the following financial statements would provide information about a farm's cash position?

What is the primary benefit of analyzing a farm's current assets and current liabilities?

What is the main characteristic of marketable securities?

What type of liability represents a debt owed by a business for which the creditor possesses a secured claim through a mortgage on an asset?

What is the main difference between cash expense and non-cash expense?

What is the term for financial obligations usually arising from a purchase of merchandise on account for which no notes have been given?

What type of income is received in advance for which goods or services will be given in future periods?

What is the term for long-term obligations of a corporation evidenced by formal certificates known as bonds?