This case employs a realistic scenario in which the student has applied for an internship with Pane in the Glass, Inc.'s financial reporting group. As part of the interview process, the student is required to demonstrate their financial accounting knowledge and skills by completing a simulated...

This paper examines the market valuation of cash flows from investing (CFI) activities in the presence of investment opportunities. The market valuation of investing cash flows is hypothesized to be larger when a firm possesses a relatively larger amount of positive net present value investment...