If current assets exceed current liabilities, prepaying an expense on the last day of the year will:
A. decrease the current ratio.
B. increase the current ratio.
C. increase the acid-test ratio.
D. decrease the acid-test ratio.
Answer: D
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To be negotiable, a check must be in writing. Under the UCC, a check:
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A characteristic of reconciled data that means the data reflect an enterprise-wide view is:
A) detailed. B) historical. C) normalized. D) comprehensive.
Which of the following is true regarding an SEP?
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Contingency plans focus on issues that:
a. are trivial and happen everyday, like the power going out for 10 minutes. b. will never happen, hence it is not very important to focus on these issues. c. are most probable, most potentially harmful, or both. d. are a concern for your competitors.