### Educational Website Content **Financial Accounting Questions** 7) **Which of these accounts is included in the post-closing trial balance?** (10 points) - [ ] Supplies Expense - [x] Accounts Payable - [ ] Sales Revenue - [ ] Insurance Expense 8) **If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?** (10 points) - [ ] 200% - [ ] 50% - [x] 2.0 - [ ] $50,000 9) **If current assets are $100,000 and current liabilities are $42,000, what is the working capital?** (10 points) - [ ] 200% - [x] $58,000
### Educational Website Content **Financial Accounting Questions** 7) **Which of these accounts is included in the post-closing trial balance?** (10 points) - [ ] Supplies Expense - [x] Accounts Payable - [ ] Sales Revenue - [ ] Insurance Expense 8) **If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?** (10 points) - [ ] 200% - [ ] 50% - [x] 2.0 - [ ] $50,000 9) **If current assets are $100,000 and current liabilities are $42,000, what is the working capital?** (10 points) - [ ] 200% - [x] $58,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![### Educational Website Content
**Financial Accounting Questions**
7) **Which of these accounts is included in the post-closing trial balance?** (10 points)
- [ ] Supplies Expense
- [x] Accounts Payable
- [ ] Sales Revenue
- [ ] Insurance Expense
8) **If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?** (10 points)
- [ ] 200%
- [ ] 50%
- [x] 2.0
- [ ] $50,000
9) **If current assets are $100,000 and current liabilities are $42,000, what is the working capital?** (10 points)
- [ ] 200%
- [x] $58,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfba98b7-e6bb-4566-b828-86b3e65bc72c%2F5b6aae42-9248-4dc6-a002-7b3f22ac6c72%2Favfldvm.jpeg&w=3840&q=75)
Transcribed Image Text:### Educational Website Content
**Financial Accounting Questions**
7) **Which of these accounts is included in the post-closing trial balance?** (10 points)
- [ ] Supplies Expense
- [x] Accounts Payable
- [ ] Sales Revenue
- [ ] Insurance Expense
8) **If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?** (10 points)
- [ ] 200%
- [ ] 50%
- [x] 2.0
- [ ] $50,000
9) **If current assets are $100,000 and current liabilities are $42,000, what is the working capital?** (10 points)
- [ ] 200%
- [x] $58,000
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