Wall Street Prep - Exam
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Empirical Finance WGU D102 Financial Accounting AC 523 Final SG
131 terms 333 terms 60 terms
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Extraordinary gains/losses & Extraordinary gains/losses = Post-tax
gains/losses on sale of assets
are considered pre-tax or post Gains/losses on sale of assets = pre-tax
tax line items?
The cash impact of the change The opposite sign (negative)
in working capital is:
A 10-Q is issued how many times 3 times. The 4th quarter is replaced with the 10-K
a year?
depreciation on manufacturing COGS
equipment is found in what line
item?
Non-controlling interest is found An expense on the income statement and as equity on the
where in the financials? balance sheet
Refers to the establishment of a new accounting and reporting
Pushdown accounting
basis in an acquired company's separate financial statements
Requires that both buyer and seller must jointly elect to have the
A 338(h)(10) election:
IRS deem the acquisition an asset sale for tax purposes
1. Little existing debt
2. Regular (not cyclical) cash flows
A good LBO candidate
3. Little investment in the business through capex and working
capital
No goodwill is created and returns to sponsors are not different
Under recapitalization
from those in an LBO. Rather, the purchase price is reflected as a
accounting
reduction in equity
Has the most restrictive covenants and can be pre-paid before
Senior debt
maturity date.
Filed by a company when it decides to go public and sell
securities in an Initial Public Offering (IPO). While the form
S-1 registration form
contains useful historical financial data about the company, it
does not provide any M&A-related information.
Save
Students also studied
Flashcard sets Study guides
Empirical Finance WGU D102 Financial Accounting AC 523 Final SG
131 terms 333 terms 60 terms
Eddigar_Reed Preview Preview Preview
Extraordinary gains/losses & Extraordinary gains/losses = Post-tax
gains/losses on sale of assets
are considered pre-tax or post Gains/losses on sale of assets = pre-tax
tax line items?
The cash impact of the change The opposite sign (negative)
in working capital is:
A 10-Q is issued how many times 3 times. The 4th quarter is replaced with the 10-K
a year?
depreciation on manufacturing COGS
equipment is found in what line
item?
Non-controlling interest is found An expense on the income statement and as equity on the
where in the financials? balance sheet
Refers to the establishment of a new accounting and reporting
Pushdown accounting
basis in an acquired company's separate financial statements
Requires that both buyer and seller must jointly elect to have the
A 338(h)(10) election:
IRS deem the acquisition an asset sale for tax purposes
1. Little existing debt
2. Regular (not cyclical) cash flows
A good LBO candidate
3. Little investment in the business through capex and working
capital
No goodwill is created and returns to sponsors are not different
Under recapitalization
from those in an LBO. Rather, the purchase price is reflected as a
accounting
reduction in equity
Has the most restrictive covenants and can be pre-paid before
Senior debt
maturity date.
Filed by a company when it decides to go public and sell
securities in an Initial Public Offering (IPO). While the form
S-1 registration form
contains useful historical financial data about the company, it
does not provide any M&A-related information.
