In the context of liquidity ratios, a firm's _____ are the debts that must be repaid in the following year.
A. fixed assets
B. current liabilities
C. long-term liabilities
D. capital assets
Answer: B
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Explain the impact of factor price equalization on factor prices between nations
What will be an ideal response?
Shareholders are liable for the debt and obligations of a corporation
Indicate whether the statement is true or false
On August 31, 2016, Peter Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash?
A) Debit Unearned Revenue $3,500, and credit Cash $3,500. B) Debit Cash $3,500, and credit Service Revenue $3,500. C) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500. D) Debit Cash $3,500, and credit Unearned Revenue $3,500.
________ are orders that have been placed but not yet completed
Fill in the blanks with correct word