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

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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 A) economic entity assumption. B) monetary unit assumption. C) time period assumption. D) going concern assumption. Points Earned: 5.0/5.0 Correct Answer(s): D 4.
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The convention of consistency refers to consistent use of accounting principles A) among firms. B) among accounting periods. C) throughout the accounting periods. D) within industries. Points Earned: 5.0/5.0 Correct Answer(s): B 5. Bathlinks Corporation has a debt to total assets ratio of 73%. This tells the user of Bathlinks's financial statements A) Bathlinks is getting a 27% return on its assets. B) There is a risk that Bathlinks cannot pay its debts as they come due.
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quizz 2.4 - 1. On a classified balance sheet, marketable...

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