Which of the following terms is used to describe assets that can be easily converted to cash?
A. Current profits
B. Fixed liabilities
C. Fixed assets
D. Current assets
Answer: D
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Oakland Corp purchased land and a building for a combined cost of $500,000 . Oakland must
a. record the $500,000 acquisition cost in an account called Land and Buildings. b. depreciate the $500,000 acquisition cost, less any residual value, over the expected useful life of the building. c. because part of the purchase involved land, record all of the cost in the Land account. d. allocate the $500,000 acquisition cost to separate Land and Buildings accounts based on their respective fair market values.
A company can calculate its days-in-inventory ratio by dividing the 365 days per year by its ____________________
Fill in the blank(s) with correct word
Which sentence is correctly punctuated?
A) Ms. Hernandez, please tell us why you are interested in this position. B) Ms. Hernandez please tell us why you are interested in this position. C) Ms. Hernandez; please tell us why you are interested in this position.
A video-streaming service provider such as Netflix is a complement to a manufacturer of streaming video devices such as Roku.
Answer the following statement true (T) or false (F)