1._______ Data that have been processed.2._______ A term for the debts of a firm.3._______ It is the difference between a firm’s assets and itsliabilities.4._______ It transforms data into useful information.5._______ Inventories are an example.6._______ The ease with which assets can be convertedinto cash.7._______ This statement reveals the financial position ofthe firm.8._______ It illustrates how operating, investing, andfinancing activities affect cash.9._______ It incorporates a firm’s procedures for generating, using, and sharing the data and informationcontained in the firm’s database.10. _______ The result of dividing current assets by currentliabilities.a. assetsb. balance sheetc. cost of goods soldd. current ratioe. data processingf. informationg. liabilitiesh. liquidityi. knowledge managementj. owners’ equityk. public accountantl. statement of cash flows
1._______ Data that have been processed.
2._______ A term for the debts of a firm.
3._______ It is the difference between a firm’s assets and its
liabilities.
4._______ It transforms data into useful information.
5._______ Inventories are an example.
6._______ The ease with which assets can be converted
into cash.
7._______ This statement reveals the financial position of
the firm.
8._______ It illustrates how operating, investing, and
financing activities affect cash.
9._______ It incorporates a firm’s procedures for generating, using, and sharing the data and information
contained in the firm’s database.
10. _______ The result of dividing current assets by current
liabilities.
a. assets
b.
c. cost of goods sold
d.
e. data processing
f. information
g. liabilities
h. liquidity
i. knowledge management
j. owners’ equity
k. public accountant
l. statement of
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