Which of the following statements about current liabilities is true?
A. Current liabilities are listed in order of decreasing amounts in the current liability section of a classified balance sheet.
B. The amount of current liabilities has little implication for a company's liquidity.
C. Current liabilities are the denominator in the formula for the current ratio.
D. The current liabilities section of a classified balance sheet will never contain any portion of long-term liabilities.
Answer: C
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Which of the following best exemplifies how one should ask a question to assess someone’s ethical self-efficacy?
a. If a client were to accidentally write a check to your name instead of the company, how confident are you that you would correct the mistake immediately? b. When you assess your ethical job performance over the years, do you find value there? c. Do you believe that ethical values are malleable from one situation to the next? d. Do you think that you have moral or ethical principles built into the very core of your personality?
A company paid $320,000 for equipment that was expected to last five years and to have a salvage value of $40,000. During the third year of the equipment's life, $39,000 cash was paid for replacement parts that were expected to increase productivity by 10% each year. Prepare the journal entry to record the $39,000 cost incurred in the third year.
What will be an ideal response?
Earnings per share is an indication of how much:
A) the company has in cash for each share of outstanding common stock. B) the company earned for each share of outstanding common stock. C) the company paid as dividends for each share of common stock held by stockholders. D) the company earned for each share of outstanding common and preferred stock.
International franchising can reduce the likelihood of political instability being a threat
Indicate whether the statement is true or false