Net working capital is defined as current assets divided by current liabilities.
Answer the following statement true (T) or false (F)
False
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The post reference columns are used to trace transactions from the journal to the accounts. What will be posted on the post reference column of (a) the journal and (b) on the account?
A) (a) the amount of the debit or credit (b) the journal page number B) (a) the journal page number (b) the date of the transaction C) (a) the journal page number, (b) the account number D) (a) the account number, (b) the journal page number
An injunction is a court order to
A) perform a contract B) stop doing something C) pay a debt that is overdue D) show up in court on a specific date E) hand over key documents to the other party in a legal action
Activities that take place prior to the point of customization are called upstream activities
Indicate whether the statement is true or false.
Mutually exclusive events exist if only one of the events can occur on any one trial
Indicate whether the statement is true or false