NICO Corporation had net current assets of $2,000,000 at the end of 2015 and $1,800,000 at the end of 2014. In addition, NICO had net spontaneous current liabilities of $1,000,000 in 2015 and $1,500,000 in 2014
Using this information, NICO's net current asset investment for 2014 was ________.
A) $700,000
B) -$300,000
C) $300,000
D) -$700,000
B
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You are teaching a class of new hires at your international accounting firm. Explain the audit risk model using a mathematical formula.AR = RMM × DRAR = Audit riskRMM = Risk of material misstatementDR = Detection risk
What will be an ideal response?
Gains/Losses arise from relatively infrequent transactions, and there can be no assurance that they will recur in any future period
Indicate whether the statement is true or false
For the following linear programming problem
a. Find the range of optimality for c1 and c2.
b. Find the range of feasibility for b1, b2, and b3.
c. Find the dual prices.
An unfavorable materials quantity variance indicates that:
A. standard material allowed for output exceeds the actual usage of material. B. standard material price exceeds actual price. C. actual material price exceeds standard price. D. actual usage of material exceeds the standard material allowed for output.