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Mors 200 Arts Final > Accounting Compend- Matching > Flashcards

Accounting Compend- Matching Flashcards

1
Q

Used for recording sale of merchandise on credit:a) Sales Journalb) General Journalc) Purchases Journald) Cash Payments Journale) Cash Receipts Journal

A

Sales Journal

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2
Q

Used for all types of business transactions:a) Sales Journalb) General Journalc) Purchases Journald) Cash Payments Journale) Cash Receipts Journal

A

General Journal

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3
Q

Used to record the buying of merchandise on credit:a) Sales Journalb) General Journalc) Purchases Journald) Cash Payments Journale) Cash Receipts Journal

A

Purchases Journal

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4
Q

Used to record the receipt of cash:a) Sales Journalb) General Journalc) Purchases Journald) Cash Payments Journale) Cash Receipts Journal

A

Cash Receipts Journal

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5
Q

Used to record the paying of cash:a) Sales Journalb) General Journalc) Purchases Journald) Cash Payments Journale) Cash Receipts Journal

A

Cash Payments Journals

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6
Q

Accounts Payable is a:a) Current Assetb) Current Liabilityc) Fixed Assetd) Fixed Liabilitye) Proprietorship

A

Current Liability

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7
Q

Accounts Receivable is a:a) Current Assetb) Current Liabilityc) Fixed Assetd) Fixed Liabilitye) Proprietorship

A

Current Asset

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8
Q

Capital is a:a) Current Assetb) Current Liabilityc) Fixed Assetd) Fixed Liabilitye) Proprietorship

A

Proprietorship

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9
Q

Mortgage Payable is a:a) Current Assetb) Current Liabilityc) Fixed Assetd) Fixed Liabilitye) Proprietorship

A

Fixed Liability

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10
Q

Funeral Coach is a:a) Current Assetb) Current Liabilityc) Fixed Assetd) Fixed Liabilitye) Proprietorship

A

Fixed Asset

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11
Q

Difference between assets and liabilities:a) Balance Sheetb) Trial Balancec) Owners Equityd) Assetse) Liabilities

A

Owners Equity

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12
Q

Statement of financial condition:a) Balance Sheetb) Trial Balancec) Owners Equityd) Assetse) Liabilities

A

Balance Sheet

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13
Q

Things of value owned by a business:a) Balance Sheetb) Trial Balancec) Owners Equityd) Assetse) Liabilities

A

Assets

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14
Q

Debts that a business owes:a) Balance Sheetb) Trial Balancec) Owners Equityd) Assetse) Liabilities

A

Liabilities

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15
Q

Check the equality of debits and credits:a) Balance Sheetb) Trial Balancec) Owners Equityd) Assetse) Liabilities

A

Trial Balance

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16
Q

Recording information in a ledger:a) Journalb) Ledgerc) Postingd) Income Statemente) Balance Sheet

A

Posting

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17
Q

A book of accounts:a) Journalb) Ledgerc) Postingd) Income Statemente) Balance Sheet

A

Ledger

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18
Q

Book of original entry:a) Journalb) Ledgerc) Postingd) Income Statemente) Balance Sheet

A

Journal

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19
Q

Statement of assets, liabilities, and owners equity at a specific date:a) Journalb) Ledgerc) Postingd) Income Statemente) Balance Sheet

A

Balance Sheet

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20
Q

Statement of income, expenses, and net income or net loss for a period of time:a) Journalb) Ledgerc) Postingd) Income Statemente) Balance Sheet

A

Income Statement

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21
Q

Unwritten promises of a business to pay creditors:a) Assetsb) Liabilitiesc) Owners Equityd) Accounts Payablee) Accounts Receivable

A

Accounts Payable

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22
Q

Unwritten promises by customers to the business pay at a later date:a) Assetsb) Liabilitiesc) Owners Equityd) Accounts Payablee) Accounts Receivable

A

Accounts Receivable

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23
Q

Any debt that a business owes:a) Assetsb) Liabilitiesc) Owners Equityd) Accounts Payablee) Accounts Receivable

A

Liabilities

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24
Q

Properties of monetary value owned by a business:a) Assetsb) Liabilitiesc) Owners Equityd) Accounts Payablee) Accounts Receivable

A

Assets

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25
Q

An owner’s financial interest in a business:a) Assetsb) Liabilitiesc) Owners Equityd) Accounts Payablee) Accounts Receivable

A

Owners Equity

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26
Q

A book of original entry in which business transactions are recorded in chronological order:a) Salesb) Ledgerc) Journald) Purchasese) Principal

A

Journal

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27
Q

The buying of merchandise:a) Salesb) Ledgerc) Journald) Purchasese) Principal

A

Purchases

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28
Q

The face value of a note on which interest is computed:a) Salesb) Ledgerc) Journald) Purchasese) Principal

A

Principal

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29
Q

Ordinarily refers only to merchandise sold:a) Salesb) Ledgerc) Journald) Purchasese) Principal

A

Sales

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30
Q

A book of accounts:a) Salesb) Ledgerc) Journald) Purchasese) Principal

A

Ledger

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31
Q

Current assets divided by current liabilities:a) Debitb) Creditc) Current Ratiod) Notes Payablee) Notes Receivable

A

Current Ratio

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32
Q

A written promise of a customer to pay the business in sum of the money at a future date:a) Debitb) Creditc) Current Ratiod) Notes Payablee) Notes Receivable

A

Notes Receivable

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33
Q

The right side of a standard account:a) Debitb) Creditc) Current Ratiod) Notes Payablee) Notes Receivable

A

Credit

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34
Q

A written promise of a business to pay a creditor a certain amount in the future:a) Debitb) Creditc) Current Ratiod) Notes Payablee) Notes Receivable

A

Notes Payable

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35
Q

The left side of a standard account:a) Debitb) Creditc) Current Ratiod) Notes Payablee) Notes Receivable

A

Debit

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36
Q

Accounts receivable that are uncollectable:a) Costb) Suppliesc) Bad Debtsd) Cash Receiptse) Current Liabilities

A

Bad Debts

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37
Q

Amount paid by a business for merchandise:a) Costb) Suppliesc) Bad Debtsd) Cash Receiptse) Current Liabilities

A

Cost

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38
Q

Money and money substitutes received:a) Costb) Suppliesc) Bad Debtsd) Cash Receiptse) Current Liabilities

A

Cash Receipts

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39
Q

Debts that must be paid within a year:a) Costb) Suppliesc) Bad Debtsd) Cash Receiptse) Current Liabilities

A

Current Liabilities

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40
Q

A type of assets that will be consumed as it is used:a) Costb) Suppliesc) Bad Debtsd) Cash Receiptse) Current Liabilities

A

Supplies

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41
Q

The owners equity or the owner’s financial interest in a business:a) Makerb) Creditorc) Corporationd) Proprietorshipe) Merchandising Business

A

Proprietorship

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42
Q

A business or individual to whom a debt is owed:a) Makerb) Creditorc) Corporationd) Proprietorshipe) Merchandising Business

A

Creditor

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43
Q

A business firm that obtains income through the buying and selling of goods:a) Makerb) Creditorc) Corporationd) Proprietorshipe) Merchandising Business

A

Merchandising Business

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44
Q

A business, owned by stockholders, which is chartered under state law to conduct a business or other activity:a) Makerb) Creditorc) Corporationd) Proprietorshipe) Merchandising Business

A

Corporation

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45
Q

The individual who makes a promise to pay on a promissory note:a) Makerb) Creditorc) Corporationd) Proprietorshipe) Merchandising Business

A

Maker

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46
Q

A statement regarding the status of assets, liabilities, and owner’s equity as of a specified date:a) Transactionb) Trial Balancec) Balance Sheetd) Source Documente) Income Statement

A

Balance Sheet

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47
Q

A formal statement which presents the revenue and expenses of a specified period of time:a) Transactionb) Trial Balancec) Balance Sheetd) Source Documente) Income Statement

A

Income Statement

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48
Q

The first record of a business transaction:a) Transactionb) Trial Balancec) Balance Sheetd) Source Documente) Income Statement

A

Source Document

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49
Q

Financial events that affect assets, liabilities, or owner’s equity:a) Transactionb) Trial Balancec) Balance Sheetd) Source Documente) Income Statement

A

Transaction

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50
Q

An informal statement proving that total debit balances are equal to the total credit balances in the ledger:a) Transactionb) Trial Balancec) Balance Sheetd) Source Documente) Income Statement

A

Trial Balances

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51
Q

In order of time:a) Incomeb) Drawerc) Expensesd) Consignore) Chronological

A

Chronological

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52
Q

The person or business concerned by whom a shipment is made:a) Incomeb) Drawerc) Expensesd) Consignore) Chronological

A

Consignor

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53
Q

A person who signs a check or draft ordering payment to be made:a) Incomeb) Drawerc) Expensesd) Consignore) Chronological

A

Drawer

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54
Q

The decrease in owners equity due to consumption of goods and services used in the operation of the business:a) Incomeb) Drawerc) Expensesd) Consignore) Chronological

A

Expenses

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55
Q

Increase in the owners equity resulting from business operations:a) Incomeb) Drawerc) Expensesd) Consignore) Chronological

A

Income

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56
Q

The recording of business data in a prescribed manner:a) Cashb) Capitalc) Book Keepingd) Current Assetse) Closing Entries

A

Book Keeping

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57
Q

Coins, currency, checks, and money order receipts from others, as well as money deposited in the bank:a) Cashb) Capitalc) Book Keepingd) Current Assetse) Closing Entries

A

Cash

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58
Q

The net value of an owner’s financial interest in a business:a) Cashb) Capitalc) Book Keepingd) Current Assetse) Closing Entries

A

Capital

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59
Q

Cash or other assets that will be converted into cash or consumed within one year:a) Cashb) Capitalc) Book Keepingd) Current Assetse) Closing Entries

A

Current assets

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60
Q

The transferral of the balances of the temporary accounts to the capital accounts:a) Cashb) Capitalc) Book Keepingd) Current Assetse) Closing Entries

A

Closing Entries

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61
Q

Recording in each fiscal period applicable expense, whether paid or not, and income earned, whether collected or not:a) Checkb) Charterc) Bank Statementd) Accrual Accountinge) Certified Public Accounting

A

Accrual Accounting

62
Q

An itemized listing of additions to and subtractions from a depositor’s account:a) Checkb) Charterc) Bank Statementd) Accrual Accountinge) Certified Public Accounting

A

Bank Statement

63
Q

An individual certified to practice public accounting in a state:a) Checkb) Charterc) Bank Statementd) Accrual Accountinge) Certified Public Accounting

A

Certified Public Accountant

64
Q

A document issued by a state which permits a corporation to operate:a) Checkb) Charterc) Bank Statementd) Accrual Accountinge) Certified Public Accounting

A

Charter

65
Q

A written order drawn by a depositor directing his bank to deduct money from his account and pay the person or company designated:a) Checkb) Charterc) Bank Statementd) Accrual Accountinge) Certified Public Accounting

A

Check

66
Q

The money or other assets supplied by the owner for the operation of a business:a) Investmentb) Mortgage Payablec) Posting Referencesd) Negotiable Instrumente) Net Working Capital

A

Investment

67
Q

A written promise that pledges real property as security for the payment of a debt:a) Investmentb) Mortgage Payablec) Posting Referencesd) Negotiable Instrumente) Net Working Capital

A

Mortgage Payable

68
Q

A business paper that is a claim on cash and which may be transferred legally by endorsement:a) Investmentb) Mortgage Payablec) Posting Referencesd) Negotiable Instrumente) Net Working Capital

A

Negotiable Instrument

69
Q

Excess of current assets over current liabilities:a) Investmentb) Mortgage Payablec) Posting Referencesd) Negotiable Instrumente) Net Working Capital

A

Net Working Capital

70
Q

Journal page numbers and ledger account numbers which when present, confirms that an entry has been posted:a) Investmentb) Mortgage Payablec) Posting Referencesd) Negotiable Instrumente) Net Working Capital

A

Posting References

71
Q

Credit given to a customer for shortages or damaged goods delivered:a) Accrued Incomeb) Sales Discountc) Statement of Accountd) Allowance of Depreciatione) Sales Returns and Allowances

A

Sales Returns and Allowances

72
Q

A deduction from the sales invoice as incentive for customers to pay their invoices early:a) Accrued Incomeb) Sales Discountc) Statement of Accountd) Allowance of Depreciatione) Sales Returns and Allowances

A

Sales Discount

73
Q

An account used to accumulate decreases in value of fixed assets:a) Accrued Incomeb) Sales Discountc) Statement of Accountd) Allowance of Depreciatione) Sales Returns and Allowances

A

Allowance of Depreciation

74
Q

A report sent to each customer which indicates the status of his account:a) Accrued Incomeb) Sales Discountc) Statement of Accountd) Allowance of Depreciatione) Sales Returns and Allowances

A

Statement of Account

75
Q

Income earned during an accounting period but not yet received:a) Accrued Incomeb) Sales Discountc) Statement of Accountd) Allowance of Depreciatione) Sales Returns and Allowances

A

Accrued Income

76
Q

An account used to record or determine the estimated value of an asset:a) Drawing Accountb) Promissory Notec) Valuation Accountd) Allowance for Doubtful Accountse) Purchase Returns and Allowances

A

Valuation Account

77
Q

A separate owners equity account in which withdraws of assets against profits by the owner are recorded:a) Drawing Accountb) Promissory Notec) Valuation Accountd) Allowance for Doubtful Accountse) Purchase Returns and Allowances

A

Drawing Account

78
Q

Credit received for shortages or for damaged goods received:a) Drawing Accountb) Promissory Notec) Valuation Accountd) Allowance for Doubtful Accountse) Purchase Returns and Allowances

A

Purchase Returns and Allowances

79
Q

An account in which is recorded the decrease in value of accounts receivable due to possible uncollectable items:a) Drawing Accountb) Promissory Notec) Valuation Accountd) Allowance for Doubtful Accountse) Purchase Returns and Allowances

A

Allowance for Doubtful Accounts

80
Q

A written promise to pay money to another person or business at a specified or determinable time:a) Drawing Accountb) Promissory Notec) Valuation Accountd) Allowance for Doubtful Accountse) Purchase Returns and Allowances

A

Promissory Note

81
Q

The account paid for insurance protection:a) Retail Sales Taxb) Income Taxc) Insurance Policyd) Insurance Premium e) Stock Certificate

A

Insurance Premium

82
Q

Levied on the earnings of individuals in businesses by federal, state, and local government:a) Retail Sales Taxb) Income Taxc) Insurance Policyd) Insurance Premium e) Stock Certificate

A

Income Tax

83
Q

A contract between an insurance company and the party insured:a) Retail Sales Taxb) Income Taxc) Insurance Policyd) Insurance Premium e) Stock Certificate

A

Insurance Policy

84
Q

Imposed upon the purchaser of goods and collected by the seller, who remits such to the state or city government:a) Retail Sales Taxb) Income Taxc) Insurance Policyd) Insurance Premium e) Stock Certificate

A

Retail Sales Tax

85
Q

Evidence of the ownership of corporation stock:a) Retail Sales Taxb) Income Taxc) Insurance Policyd) Insurance Premium e) Stock Certificate

A

Stock Certificate

86
Q

Capital or net worth:a) Current Assetb) Current Liabilityc) Proprietorshipd) Fixed Liabilitye) Fixed Asset

A

Proprietorship

87
Q

Accounts Receivable:a) Current Assetb) Current Liabilityc) Proprietorshipd) Fixed Liabilitye) Fixed Asset

A

Current Asset

88
Q

Accounts Payable:a) Current Assetb) Current Liabilityc) Proprietorshipd) Fixed Liabilitye) Fixed Asset

A

Current Liability

89
Q

Mortgage Payable within 15 years:a) Current Assetb) Current Liabilityc) Proprietorshipd) Fixed Liabilitye) Fixed Asset

A

Fixed Liability

90
Q

Assets which will not be sold during the fiscal period:a) Current Assetb) Current Liabilityc) Proprietorshipd) Fixed Liabilitye) Fixed Asset

A

Fixed Asset

91
Q

Things of value owned by a business:a) Balance Sheetb) Trial Balancec) Assetsd) Liabilitiese) Proprietorship

A

Assets

92
Q

One’s debt:a) Balance Sheetb) Trial Balancec) Assetsd) Liabilitiese) Proprietorship

A

Liabilities

93
Q

The equity of the owner of the business:a) Balance Sheetb) Trial Balancec) Assetsd) Liabilitiese) Proprietorship

A

Proprietorship

94
Q

The financial statement reflects the status of assets, liabilities, and owner’s equity as of a given date:a) Balance Sheetb) Trial Balancec) Assetsd) Liabilitiese) Proprietorship

A

Balance Sheet

95
Q

A check of equality of debts and credits:a) Balance Sheetb) Trial Balancec) Assetsd) Liabilitiese) Proprietorship

A

Trial Balance

96
Q

One who owes debts:a) Fixed Liabilityb) Proprietorshipc) Debtord) Current Liabilitye) Creditor

A

Debtor

97
Q

One to whom debts are owed:a) Fixed Liabilityb) Proprietorshipc) Debtord) Current Liabilitye) Creditor

A

Creditor

98
Q

Owner’s equity:a) Fixed Liabilityb) Proprietorshipc) Debtord) Current Liabilitye) Creditor

A

Proprietorship

99
Q

Mortgage Payable:a) Fixed Liabilityb) Proprietorshipc) Debtord) Current Liabilitye) Creditor

A

Fixed Liability

100
Q

Accounts Payable:a) Fixed Liabilityb) Proprietorshipc) Debtord) Current Liabilitye) Creditor

A

Current Liability

101
Q

Recording information in a ledger:a) Ledgerb) Balance Sheetc) Postingd) Journale) Profit and Loss Statements

A

Posting

102
Q

A book of accounts:a) Ledgerb) Balance Sheetc) Postingd) Journale) Profit and Loss Statements

A

Ledger

103
Q

Book in which the fitst formal double entry record of transactions is made:a) Ledgerb) Balance Sheetc) Postingd) Journale) Profit and Loss Statements

A

Journal

104
Q

A statement of assets, liabilities, and proprietorship at a specific date:a) Ledgerb) Balance Sheetc) Postingd) Journale) Profit and Loss Statements

A

Balance Sheet

105
Q

A summary of the results of operations for a specified period of time:a) Ledgerb) Balance Sheetc) Postingd) Journale) Profit and Loss Statements

A

Profit and Loss Statements

106
Q

Used to record paying cash for an item:a) Purchases Journalb) Sales Journalc) Cash Receipt Journald) Cash Payment Journale) General Journal

A

Cash Payment Journal

107
Q

For recording the buying of an article on credit:a) Purchases Journalb) Sales Journalc) Cash Receipt Journald) Cash Payment Journale) General Journal

A

Purchases Journal

108
Q

For receiving cash from merchandise:a) Purchases Journalb) Sales Journalc) Cash Receipt Journald) Cash Payment Journale) General Journal

A

Cash Receipt Journal

109
Q

Used to record selling of merchandise on credit:a) Purchases Journalb) Sales Journalc) Sales Receipt Journald) Cash Payment Journale) General Journal

A

Sales Journal

110
Q

Used for miscellaneous entries:a) Purchases Journalb) Sales Journalc) Sales Receipt Journald) Cash Payment Journale) General Journal

A

General Journal

111
Q

To be used over a long period of time:a) Tangible Assetsb) Intangible Assetsc) Cash Assetsd) Current Assetse) Fixed Assets

A

Fixed Assets

112
Q

To be used relatively soon:a) Tangible Assetsb) Intangible Assetsc) Cash Assetsd) Current Assetse) Fixed Assets

A

Current Assets

113
Q

Capable of being touched:a) Tangible Assetsb) Intangible Assetsc) Cash Assetsd) Current Assetse) Fixed Assets

A

Tangible Assets

114
Q

Not physical or material:a) Tangible Assetsb) Intangible Assetsc) Cash Assetsd) Current Assetse) Fixed Assets

A

Intangible Assets

115
Q

Money:a) Tangible Assetsb) Intangible Assetsc) Cash Assetsd) Current Assetse) Fixed Assets

A

Cash Assets

116
Q

Check returned to the depositor that has been paid by the bank:a) Check Stubb) Drawerc) Payeed) Cancellede) Outstanding

A

Cancelled

117
Q

A source of information for the journal:a) Check Stubb) Drawerc) Payeed) Cancellede) Outstanding

A

Check Stub

118
Q

The one to whom the bank is ordered to pay the cash:a) Check Stubb) Drawerc) Payeed) Cancellede) Outstanding

A

Payee

119
Q

A check that has been issued, but not yet presented for payment:a) Check Stubb) Drawerc) Payeed) Cancellede) Outstanding

A

Outstanding

120
Q

The one who orders the bank to pay money from his account:a) Check Stubb) Drawerc) Payeed) Cancellede) Outstanding

A

Drawer

121
Q

The time allowed for the payment of a sale:a) Fiscal periodb) Fiscal Yearc) Compound Entryd) Withdrawse) Terms

A

Terms

122
Q

Assets taken out of the business by the owner for his personal use:a) Fiscal periodb) Fiscal Yearc) Compound Entryd) Withdrawse) Terms

A

Withdraws

123
Q

The period for which an analysis of the operations for a business is made:a) Fiscal periodb) Fiscal Yearc) Compound Entryd) Withdrawse) Terms

A

Fiscal Period

124
Q

A journal entry that contains two or more debits or two or more credits:a) Fiscal periodb) Fiscal Yearc) Compound Entryd) Withdrawse) Terms

A

Compound Entry

125
Q

An accounting year ending some other date than December 31st:a) Fiscal periodb) Fiscal Yearc) Compound Entryd) Withdrawse) Terms

A

Fiscal Year

126
Q

Free on Board:a) CPAb) CODc) CIFd) CBDe) FOB

A

FOB

127
Q

Collect before delivery:a) CPAb) CODc) CIFd) CBDe) FOB

A

CBD

128
Q

Certified Public Accountant:a) CPAb) CODc) CIFd) CBDe) FOB

A

CPA

129
Q

Cost Insurance and Freight:a) CPAb) CODc) CIFd) CBDe) FOB

A

CIF

130
Q

Collect on Delivery:a) CPAb) CODc) CIFd) CBDe) FOB

A

COD

131
Q

Stockholders:a) Interestb) Mark-upc) Fixed Assetsd) Partnershipe) Corporation

A

Corporation

132
Q

Land, buildings, equipment:a) Interestb) Mark-upc) Fixed Assetsd) Partnershipe) Corporation

A

Fixed Assets

133
Q

Amount added to cost of merchandise to determine the selling price:a) Interestb) Mark-upc) Fixed Assetsd) Partnershipe) Corporation

A

Mark-up

134
Q

A business owned by two or more individuals with profits or losses jointly shared:a) Interestb) Mark-upc) Fixed Assetsd) Partnershipe) Corporation

A

Partnership

135
Q

Money paid for the use of money:a) Interestb) Mark-upc) Fixed Assetsd) Partnershipe) Corporation

A

Interest

136
Q

A special book in which payments made by check are recorded:a) Book Valueb) Invoicec) Check Registerd) Certified Checke) Cashier’s Check

A

Check Register

137
Q

A check drawn by a bank on it’s own funds and signed by the cashier:a) Book Valueb) Invoicec) Check Registerd) Certified Checke) Cashier’s Check

A

Cashier’s Check

138
Q

A check which carries the guarantee of the drawee that sufficient funds are available to pay the check when it is properly presented:a) Book Valueb) Invoicec) Check Registerd) Certified Checke) Cashier’s Check

A

Certified Check

139
Q

Cost of a fixed asset less accumulated depreciation:a) Book Valueb) Invoicec) Check Registerd) Certified Checke) Cashier’s Check

A

Book Value

140
Q

A paper showing quantity, description, prices of items, total amount of purchases and the terms of payment:a) Book Valueb) Invoicec) Check Registerd) Certified Checke) Cashier’s Check

A

Invoice

141
Q

A payment:a) Restrictive Endorsementb) Blank Endorsementc) Endorsement in Fulld) Deferrede) Disbursement

A

Disbursement

142
Q

To delay unti a later date:a) Restrictive Endorsementb) Blank Endorsementc) Endorsement in Fulld) Deferrede) Disbursement

A

Deferred

143
Q

Consists merely of the signature of the endorser on the back of a check:a) Restrictive Endorsementb) Blank Endorsementc) Endorsement in Fulld) Deferrede) Disbursement

A

Blank Endorsement

144
Q

Endorsement which uses the phrase, “Pay to the Order of”:a) Restrictive Endorsementb) Blank Endorsementc) Endorsement in Fulld) Deferrede) Disbursement

A

Endorsement in Full

145
Q

Endorsement which uses the phrase, “For Deposit Only”:a) Restrictive Endorsementb) Blank Endorsementc) Endorsement in Fulld) Deferrede) Disbursement

A

Restrictive Endorsement

146
Q

The comparison of current assets with current liabilities:a) Acid Test Ratiob) Inventory Turnoverc) Long Lived Asset Ratiod) Current Asset Ratioe) Total Asset Ratio

A

Current Asset Ratio

147
Q

The comparison of the fixed assets with the fixed liabilities:a) Acid Test Ratiob) Inventory Turnoverc) Long Lived Asset Ratiod) Current Asset Ratioe) Total Asset Ratio

A

Long Lived Asset Ratio

148
Q

Comparison of cash and all the other current assets that are readily recognizable in cash with the other current liabilities:a) Acid Test Ratiob) Inventory Turnoverc) Long Lived Asset Ratiod) Current Asset Ratioe) Total Asset Ratio

A

Acid Test Ratio

149
Q

Comparison or total assets with total liabilities:a) Acid Test Ratiob) Inventory Turnoverc) Long Lived Asset Ratiod) Current Asset Ratioe) Total Asset Ratio

A

Total Asset Ratio

150
Q

Determined by dividing the cost of goods by the average inventory:a) Acid Test Ratiob) Inventory Turnoverc) Long Lived Asset Ratiod) Current Asset Ratioe) Total Asset Ratio

A

Inventory Turnover

Mors 200 Arts Final (123 decks)

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