Long-term assets are $5,000, current liabilities are $700, and long-term liabilities are $3,000 . If the current ratio is 3 to 1, then current assets are

a. $9,000
b. $6,900
c. $4,300
d. $2,100


d

Business

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Assume that a company is facing a loss contingency. GAAP requires the company to categorize the likelihood of occurrence of a future event that will confirm the loss as being plausible, remotely plausible, or remote

Indicate whether the statement is true or false

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"I can pay up to $5,000 for the bike, but not more than that." Which of the following parts of negotiating planning is this an example of?

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Business

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