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Chapter 02
Financial Statements, Taxes, and Cash Flow
2. The accounting statement which measures the revenues, expenses, and net income of a firm
over a period of time is called the:
A. statement of cash flows.
B. income statement.
C. GAAP statement.
D. balance sheet.
E. net working capital schedule.
3. The financial statement that summarizes a firm's accounting value as of a particular date is
called the:
A. income statement.
B. cash flow statement.
C. liquidity position.
D. balance sheet.
E. periodic operating statement.
4. Which one of the following decreases net income but does not affect the operating cash
flow of a firm which owes no taxes for the current year?
A. Indirect cost
B. Direct cost
C. Noncash item
D. Period cost
E. Variable cost
2-1
5. Which one of the following terms is defined as the total tax paid divided by the total
taxable income?
A. Average tax rate
B. Variable tax rate
C. Marginal tax rate
D. Absolute tax rate
E. Contingent tax rate
6. Which one of the following is the tax rate that applies to the next dollar of taxable income
that a firm earns?
A. Average tax rate
B. Variable tax rate
C. Marginal tax rate
D. Absolute tax rate
E. Contingent tax rate
2-2
Chapter 02 - Financial Statements, Taxes, and Cash Flow
9. Which one of the following has nearly the same meaning as free cash flow?
A. Net income
B. Cash flow from assets
C. Operating cash flow
D. Cash flow to shareholders
E. Addition to retained earnings
2-3
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As God’s man-loving Mother, be man-loving thou, with gentle eyes
and merciful regarding me, as from the body goes my soul, that thee
I ever may extol, thou holy Bringer-forth of God.
Me worthy count to overcome the hosts of bodiless foes, to mount
th’ aërial space and enter heaven, that thee I ever may extol, thou
holy Bringer-forth of God.
Thou who didst bear th’ Almighty Lord, from me far keep away the
world-controlling prince of bitter guiles when I approach mine end,
that thee I ever may extol, thou holy Bringer-forth of God.
Glory.
When the great final trump shall sound, arousing all to resurrection
menacing and dread, O then do thou remember me, thou holy
Bringer-forth of God.
Both now.
Palace high rais’d of Christ the Lord, send from on high thy grace,
and now in trouble’s day prevent thou me, that I may ever thee extol,
thou holy Bringer-forth of God.
Ode ix. Irmos.
Mortals may not see God....
O how shall I th’ invisible behold? how that most dreadful vision
bear? how venture to lift up mine eyes? how dare my Master to
regard, whom, from my youth, I never ceased have to give offence?
Thou holy maiden, Bringer-forth of God, look on my lowliness with
tender heart; accept thou this, my last and penitential prayer; and
make thou speed to rescue me from the tormenting endless fire.
My soul, that temples holy hath defil’d, having a stain’d and bodily
temple left, beseecheth thee, O maiden, Virgin Mother, that it may
’scape the gloom profound, and fierce gehenna’s flame.
Glory.
Seeing the end of life draw near, and on my most unseemly
thoughts and deeds bethinking me, O thou All-pure, the darts of
conscience fiercely wound mine active soul; but O in mercy turn
thyself to me, and be mine advocate.
Both now.
The Son in mercy gave himself for us, the Son of God and angels’
King eterne, becoming man from thy pure blood; move him to mercy
on my passionate soul, O Maid, which is with violence from my
wretched body torn.
Then, It is very meet....
Prayer said by the priest at the departure of a soul.
O Master, Lord Almighty, Father of our Lord Jesus Christ, who
desirest that all men should be saved and come to a knowledge of
the truth; who desirest not the death of a sinner, but that he should
return and live; we pray and make supplication unto thee, Loosen
the soul of thy servant, name, from every bond, and deliver him from
every curse: forgive him the iniquities, known and unknown, which
from youth up, in deed and word, he hath confessed sincerely, or,
through forgetfulness or shame hath hidden; for thou alone art he
that looseth them that are in bonds, and setteth upright them that are
crushed down, thou hope of them that have no hope, who canst
remit the sins of every man that hath a trust in thee. Yea, O man-
loving Lord, bid that he be set free from carnal and sinful bonds, and
receive in peace the soul of this thy servant, name, and rest it in the
eternal habitations with thy Saints, through the grace of thine only-
begotten Son, our Lord God and Saviour, Jesus Christ, with whom
also thou art blessed, together with thy most holy, and good, and life-
creating Spirit, now and ever, and to ages of ages. Amen.
Chapter XVI.
THE MORTUARY ORDER OVER LAY BODIES.