Which of the following is a measure of how quickly an item can be converted to cash?
A) Debt ratio
B) Current ratio
C) Liquidity
D) Accounting cycle
C
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Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true?
I. Such conversions can be done with no income tax consequences. II. Qualified distributions from a Roth IRA after a conversion are received tax-free. A) I only B) II only C) both I and II D) neither I nor II
To recover workers' compensation, an employee must prove that an injury did not occur on the job or in the course of employment.?
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The managers of a limited liability company are personally liable for the company’s debts and obligations. 2. All members of a limited liability company must be individuals. 3. Amending the articles of organization usually requires the approval of all members of the limited liability company. 4. Limited liability companies in most states are subject to annual reporting requirements with the secretary of state or other appropriate state authority.
From October 2007 to March 2009, stock prices as measured by the S&P 500 Index
A) nearly doubled in value. B) lost more than half their value. C) declined by nearly 10%. D) rose by nearly 25%.