quiz 2 - Quiz 2 100% 1

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Quiz 2 – 100% 1 In a classified balance sheet, assets are usually classified in categories properly  ordered as: D. current assets; long-term investments; property, plant, and equipment; and intangible  assets. 2 Which of the following is not classified properly as a current asset? D. A debt to be collected in two years 3 The Five Account Categories are: C. Revenues, Expenses, Assets, Liabilities, Stockholders’ Equity 4 Which of the following is not considered an asset? B. Dividends 5 In Exercise 2-4, the value for Total Current Assets is closest to: C. $ 3,019,002 6 In Exercise 2-4, the value for "Total Assets" is closest to: A. $10,033,026 7 On a classified balance sheet, companies usually list current assets C. in the order in which they are expected to be converted into cash. 8 In Exercise 2-3, the value for "Total Current Assets"( in millions )is closest to: D. $22,983 9 In Exercise 2-3, the value for "Total Assets" is closest to:
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This note was uploaded on 07/16/2010 for the course ACCT 2302 taught by Professor Dr.winking during the Spring '10 term at Tulane.

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quiz 2 - Quiz 2 100% 1

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