Financial Statements and Cash Flow

On a balance sheet, how are assets typically ordered?

What is the primary distinction between debt and equity on a balance sheet?

Bishop, Inc., has current assets of $5,700, net fixed assets of $27,000, current liabilities of $4,400, and long-term debt of $12,900. What is the value of the shareholders' equity?

What is the primary reason that depreciation is considered a noncash item on the income statement?

A corporation has a taxable income of $85,000. Using the corporate tax rates from the textbook (15 percent on the first $50,000, 25 percent on the next $25,000, and 34 percent on the next $25,000), what is its total tax bill?

The change in net working capital for a firm in 2012 is calculated as:

How is cash flow from assets (total cash flow of the firm) defined in finance?

What is the primary difference between the financial definition of operating cash flow (OCF) and the accounting definition of cash flow from operating activities?