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Question
most regulated utilities have very high receivables.
Answer
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sale of equipment for cash is an operating activity.
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the purchase of equipment using cash is an investing activity.
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the income statement does not fairly represent the cash from operations.
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statutory accounting has emphasized the balance sheet in its concern for protecting the policyholders by focusing on the financial solvency of the insurance corporation.
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a profitable utility will maintain a high operating ratio.
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equity capital to total assets for a bank is a measure of leverage.
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the loan loss coverage ratio is computed by dividing the provision for loans by net loans.
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