The quick ratio (acid test) excludes which current asset? a) Inventory b) Accounts receivable c) Cash d) Marketable securities
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- 14) Which of the following is the least liquid current asset? A) Accruals B) Accounts receivable C) Marketable securities D) InventoryThe balance sheet account that is usually reported at its fair market value is: a. Short-term marketable securities b. Accounts receivable c. Current liabilities d. InventoryTrue or False: The classified balance sheet will reflect accounts receivables at net realizable value; fixed assets at net book value; and short term investments (trading securities/common stock) at their fair value/market value. O True O False
- The debt ratio is calculated by dividing total assets by total liabilities Group of answer choices True FalseFair value is used to value which of the following balance sheet accounts? a. Prepaid expenses; patents; property, plant, and equipment b. Capital lease obligations, bonds payable c. Receivables net of allowance for doubtful accounts d. Debtsecurities available for sale, trading securitiesFor which of the following balance sheet items will the book value and market value most likely be closest at the time the balance sheet is prepared? Select one: O a. Short-term debt O b. Net fixed assets O c. Long-term debt O d. Common stock O e. Retained earnings
- Expressing accounts receivable as a percentage of total assets is an example ofa. ratio analysis.b. vertical analysis.c. horizontal analysis.d. trend analysis.The following ratios are indicators of liquidity ,except_______ Group of answer choices current ratio asset turnover accounts receivables turnover inventory turnover ratioDistinguishing between current and non-current items on the balance sheet and presenting a subtotal for current assets and liabilities is referred to as: C . a liquidity-based balance sheet
- Accounting type Question: Securities premium reserve account is shown on the liabilities side in the balance sheet under the heading A. Reserves and surplus B. Current liabilities and provisions C. Share capital D. All of theseUnder which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilitiesWhen comparing fi nancial statements prepared under IFRS with those prepared underUS GAAP, analysts may need to make adjustments related to:A . realized losses.B . unrealized gains and losses for trading securities.C . unrealized gains and losses for available-for-sale securities.
