Exercise 01 Instructions: Fill in the blanks with the best suited concept/ answer to the statement. - Wevking Copita eral. 1. equals current assets less current liabilities. ng the 2. In managing working capital, one should consider the trade-off between and 3. The financing of long-term assets with long-term debt is referred to as 4. Cash consists of and balance. ct be 5. Cash held for emergency purposes is referred to as a(n) 6. Excess cash that will be needed in the near future should be temporarily invested in e to securities. refers to lunds retained by the bank on a loan made to the company. ts ff 7. The term 8. The time required for a check to go from the maker to the päyee is referred to as 9. The time needed for a check to clear is referred to as. system is one in which a local bank picks up customer remissions from a 10. A(n). post office box. Page 117 of 161

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 01
Instructions:
teral.
Fill in the blanks with the best suited concent/ answer to the statemen
1.
equals current assets less current liabilities. - Wovking Caprtal
ding the
2. In managing working capital, one should consider the trade-off between
and
3. The linancing of long-term assets with long-term debt is referred to as
4. Cash consists of
and
balance.
ust be
6. Excess cash that. will be needed in the near future should be temporarily invested
in -
cide to
5. Cash held for emergency purposes is referred to as a(n)
securities.
hefits
refers to funds retained by the bank on a loan made to the company.
7. The term
e-off
8. The time required for a check to go from the maker to the payee is referred to
cory.
as
9. The time needed for a check to clear is referred to as
system is one in which a local bank picks up customer remissions from a
10. A(n)-
post office box.
Page 117 of 161
Transcribed Image Text:Exercise 01 Instructions: teral. Fill in the blanks with the best suited concent/ answer to the statemen 1. equals current assets less current liabilities. - Wovking Caprtal ding the 2. In managing working capital, one should consider the trade-off between and 3. The linancing of long-term assets with long-term debt is referred to as 4. Cash consists of and balance. ust be 6. Excess cash that. will be needed in the near future should be temporarily invested in - cide to 5. Cash held for emergency purposes is referred to as a(n) securities. hefits refers to funds retained by the bank on a loan made to the company. 7. The term e-off 8. The time required for a check to go from the maker to the payee is referred to cory. as 9. The time needed for a check to clear is referred to as system is one in which a local bank picks up customer remissions from a 10. A(n)- post office box. Page 117 of 161
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