Which of the following is a current liability a

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Business English
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Chapter 12 / Exercise 64
Business English
Guffey/Seefer
Expert Verified
43) Which of the following is a current liability?A) accounts receivableB) cashC) notes payableD) inventoryAnswer:
C44) Which of the following represents a current asset?
C45) Which of the following is a fixed asset?
A46) The net value of fixed assets is also called its ________.
C47) Retained earnings on the balance sheet represents the ________.A) net profit after taxesB) amount of proceeds in excess of the par value received from the original sale of common stockC) net profit after taxes minus preferred dividendsD) cumulative total of all earnings reinvested in the firmAnswer:
D
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Business English
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Chapter 12 / Exercise 64
Business English
Guffey/Seefer
Expert Verified
48) The ________ represents a summary statement of a firm's financial position at a given point in time.
B49) The statement of cash flows ________.
C50) When preparing the retained earnings statement, ________ is(are) subtracted in order to derive at the endingbalance of retained earnings.
D51) A firm has the following accounts and financial data for 2014:The firm's earnings available to common shareholders for 2014 is ________.A) -$224.25B) $195.40C) $302.40D) $516.60Answer:
C52) A firm has the following accounts and financial data for 2014:The firm's earnings per share for 2014 is ________.
D
53) A firm had the following accounts and financial data for 2014:The firm's net profit after taxes for 2014 is ________.
C54) On the balance sheet, net fixed assets represent ________.
C55) Paid-in capital in excess of par represents the amount of proceeds ________.A) in deficit of the par value from the original sale of common stockB) in excess of the par value from the original sale of common stockC) in excess of the par value from the current value of common stockD) in excess of the par value from the intrinsic value of common stockAnswer:
B

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