If two companies have the same current ratio, their ability to pay short-term debt is the same
a. True
b. False
Indicate whether the statement is true or false
False
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Expected misstatement is directly related to sample size.
Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
Olivia Co owns 5,600 of the 14,000 outstanding shares of Hobbitt Corp common stock and exercises significant influence over the company. During 2011, Hobbitt earns $$90,000 and pays cash dividends of $25,000 If the beginning balance in the investment account was $190,000, the balance at December 31, 2011 should be:
a. $192,000 b. $172,000 c. $180,000 d. $216,000