{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

quizz 2.4 - 1 On a classified balance sheet marketable...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1. On a classified balance sheet, marketable securities are classified as A) an intangible asset. B) property, plant, and equipment. C) a current asset. D) a long-term investment. Points Earned: 0.0/5.0 Correct Answer(s): C 2. Using the following balance sheet and income statement data, what is the current ratio? A) 1.75 : 1 B) 2.00 : 1 C) 0.44 : 1 D) 2.25: 1 Points Earned: 0.0/5.0 Correct Answer(s): D 3. The concept that a business has a reasonable expectation of remaining in business for the foreseeable future is called the 4.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The convention of consistency refers to consistent use of accounting principles
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}