Quiz 14 - Question 1: Score 1/1 The measurement of the...

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Question 1: Score 1/1 The measurement of the relative size of each item included in a total is called: Your Answer: Choice Selected Money changes Ratios Trend percentages Component percentages Question 2: Score 1/1 The quality of earnings tends to be higher for a company that uses straight-line depreciation and defers costs whenever possible than for a company which uses accelerated depreciation and defers costs only when necessary. Your Answer: Choice Selected True False Question 3: Score 1/1 In a classified balance sheet assets are subdivided into current assets, plant and equipment and other assets while liabilities are all classified as current. Your Answer: Choice Selected True False Question 4: Score 1/1 The quick ratio is especially useful in evaluating the liquidity of a company with fast moving inventories. Your Answer: Choice Selected True False Question 5: Score 0/1 If total current assets are $130,000 at the end of Year 1, increase by $40,000 by the end of Year 2, and increase by $40,000 in Year 3, the percentage increase over the preceding year is less in Year 3 than in Year 2.
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This note was uploaded on 11/10/2009 for the course ACCOUNTING FA taught by Professor Jonathan during the Spring '08 term at Maastricht.

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Quiz 14 - Question 1: Score 1/1 The measurement of the...

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