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Flashcards · Accounting · 3 of 48
Term
Deferred tax liability
accountingtalking
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48 cards
  • Deferred tax liabilityTax owed later because book and tax depreciation differ…accounting8/10
  • Working capitalOperating current assets less operating current liabilities…accounting4/10
  • Walk me through a DCFProject unlevered free cash flow, discount at WACC, add…talking6/10

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Browse · Valuation basics
Valuation basics
62 cards · by Alice_NG · public
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Your copy · private · progress starts fresh · copied from Valuation basics by Alice_NG

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Key points · Working capital
  1. A rise in working capital is a use of cash
  2. Operating current assets and liabilities only — cash and debt are excluded
  3. The change flows through cash from operations, not investing
  4. Growing companies typically consume cash through working capital

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