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https://youtu.be/84RYJfAvC4M
2. MS OFFICE TEMPLATES RESUME MAKING | FINANCIAL REPORT | FASHION BROCHURE | PARTY INVITATION AND MORE
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3. TIPS AND TRICKS FOR MAKING PROFESSIONAL INVOICES IN MS EXCEL https://youtu.be/vGv3QnFFaCc
4. TIPS AND TRICKS FOR MAKING PROFESSIONAL PERSONAL MONTHLY BUDGET IN MS EXCEL
https://youtu.be/KVVYT8K8rw4
5. HOW TO CALCULATE GST I HOW TO CALCULATE SALES + GST IN EXCEL
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9. ACCOUNTING FIRST MCQS (1-15) 1080p
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10. ACCOUNTING DEFINITION, TYPES, ERRORS, TERMINOLOGIES
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Lecture By: Mr. Muhammad Ali
"Accounting MCQs" stands for "Multiple Choice Questions" related to accounting. These are a type of assessment or test format commonly used in accounting courses and exams to evaluate students' knowledge and understanding of accounting principles, concepts, and practices.
In Accounting MCQs, students are presented with a question or a statement, followed by multiple answer choices. They must select the correct answer choice from the provided options. Accounting MCQs cover a wide range of topics within the field of accounting, including financial accounting, managerial accounting, taxation, auditing, and more.
Lesson 1Financial AccountingWhen you feel confident that y.docxcarliotwaycave
Lesson 1
Financial Accounting
When you feel confident that you have mastered the material in
Lesson 1, go to http://www.takeexamsonline.com and submit
your answers online. If you don’t have access to the Internet,
you can phone in or mail in your exam. Submit your answers for
this examination as soon as you complete it.
Do not wait until
another examination is ready.
1. When planning for retirement, _______ assess the company’s
ability to offer long-term job prospects and an attractive
retirement benefits package.
A.
social clubs
C.
state governments
B.
not-for-profit entities
D.
employees
2. Which of the following is
not
a kind of accounting considered
in your textbook?
A.
Financial
C.
National
B.
Managerial
D.
Public
3. Which classification of accounting is
most
concerned with the
use of economic and financial information to plan and control
many of the activities of the entity?
A.
Managerial
C.
Financial
B.
Public
D.
Income tax
4. Cost accounting is a subset of
A.
internal auditing.
C.
cost analysis.
B.
public auditing.
D.
managerial accounting.
5. During the 1970–1980 period, the _______ operated as a governmental body to
establish standards applicable to government contracts. It was abolished in 1981,
although its standards remained in effect.
A.
NASB
C.
CASB
B.
CANN
D.
AICPA
6. The balance sheet equation can be represented by all of the following
except
which
one?
A.
A = L + OE
B.
Assets – Liabilities = Owners’ Equity
C.
Net Assets = Owners’ Equity
D.
A = L – OE
7. The time frame associated with an income statement is a
A.
point in time in the past.
B.
past period of time.
C.
future period of time.
D.
function of the information included in it.
8. On January 31, an entity’s balance sheet showed total assets of $750 and liabilities of
$250. Owners’ equity at January 31 was
A.
$250.
C.
$750.
B.
$500.
D.
$1,000.
9. The return on investment measure of performance
A.
isn’t as important a measure of management effectiveness as the amount of net
income.
B.
relates dividends paid to the entity’s assets.
C.
involves net income divided by sales, which is called
margin.
D.
is calculated by dividing average assets for a period by the amount of net income
for the period.
10. Rate of return and _______ related to an investment go hand in hand.
A.
asset assessment
C.
falling interest
B.
riskiness
D.
time signature
11. An advantage of the DuPont model for calculating ROI is that it
A.
focuses on asset utilization as well as net income.
B.
is easier to use than the straightforward ROI formula.
C.
uses average assets, and the straightforward ROI formula doesn’t.
D.
uses owners’ equity.
12. Which of the following
best
states what return on equity is?
A.
It will be the same as return on investment.
B.
It relates dividends and turnover.
C.
It relates dividends and owners’ equity.
D.
It relates net income a.
Lesson 1Financial AccountingWhen you feel confident that y.docxcarliotwaycave
Lesson 1
Financial Accounting
When you feel confident that you have mastered the material in
Lesson 1, go to http://www.takeexamsonline.com and submit
your answers online. If you don’t have access to the Internet,
you can phone in or mail in your exam. Submit your answers for
this examination as soon as you complete it.
Do not wait until
another examination is ready.
1. When planning for retirement, _______ assess the company’s
ability to offer long-term job prospects and an attractive
retirement benefits package.
A.
social clubs
C.
state governments
B.
not-for-profit entities
D.
employees
2. Which of the following is
not
a kind of accounting considered
in your textbook?
A.
Financial
C.
National
B.
Managerial
D.
Public
3. Which classification of accounting is
most
concerned with the
use of economic and financial information to plan and control
many of the activities of the entity?
A.
Managerial
C.
Financial
B.
Public
D.
Income tax
4. Cost accounting is a subset of
A.
internal auditing.
C.
cost analysis.
B.
public auditing.
D.
managerial accounting.
5. During the 1970–1980 period, the _______ operated as a governmental body to
establish standards applicable to government contracts. It was abolished in 1981,
although its standards remained in effect.
A.
NASB
C.
CASB
B.
CANN
D.
AICPA
6. The balance sheet equation can be represented by all of the following
except
which
one?
A.
A = L + OE
B.
Assets – Liabilities = Owners’ Equity
C.
Net Assets = Owners’ Equity
D.
A = L – OE
7. The time frame associated with an income statement is a
A.
point in time in the past.
B.
past period of time.
C.
future period of time.
D.
function of the information included in it.
8. On January 31, an entity’s balance sheet showed total assets of $750 and liabilities of
$250. Owners’ equity at January 31 was
A.
$250.
C.
$750.
B.
$500.
D.
$1,000.
9. The return on investment measure of performance
A.
isn’t as important a measure of management effectiveness as the amount of net
income.
B.
relates dividends paid to the entity’s assets.
C.
involves net income divided by sales, which is called
margin.
D.
is calculated by dividing average assets for a period by the amount of net income
for the period.
10. Rate of return and _______ related to an investment go hand in hand.
A.
asset assessment
C.
falling interest
B.
riskiness
D.
time signature
11. An advantage of the DuPont model for calculating ROI is that it
A.
focuses on asset utilization as well as net income.
B.
is easier to use than the straightforward ROI formula.
C.
uses average assets, and the straightforward ROI formula doesn’t.
D.
uses owners’ equity.
12. Which of the following
best
states what return on equity is?
A.
It will be the same as return on investment.
B.
It relates dividends and turnover.
C.
It relates dividends and owners’ equity.
D.
It relates net income a.
1) AccountingA. processes data into reports and communicates t.docxoswald1horne84988
1) Accounting:
A. processes data into reports and communicates the data to decision makers.
B. is often called the language of business.
C. measures business activities.
D. is all of the above.
2) Assets include cash, land, and accounts payable.
True
False
3) A prepaid expense is an asset.
True
False
4) The primary objective of financial reporting is to provide information
A. on the cash flows of the company.
B. to the federal government.
C. useful for making investment and credit decisions.
D. about the profitability of the enterprise.
5) Each transaction has either an equal effect on both the left - and right- sides of the accounting equation, or an offsetting effect (both positive and negative) on the same side of the equation.
True
False
6) During February, assets increased by $ 87,000 and liabilities increased by $ 31,000. Stockholders' equity must have
A. increased by $ 56,000.
B. decreased by $ 56,000.
C. increased by $ 118,000.
D. decreased by $ 118,000
7) Thompson Instruments had retained earnings of $ 340,000 at December 31, 2015.
Net income for 2016 totaled $ 185,000, and dividends for 2016 were $ 85,000.
How much retained earnings should Thompson report at December 31, 2016?
A. $ 425,000
B. $ 340,000
C. $ 525,000
D. $ 440,000
8) Purchasing a laptop computer on account will
A. increase total assets.
B. have no effect on stockholders' equity.
C. increase total liabilities.
D. All of the listed choices are correct.
9) Performing a service on account will
A. increase total assets.
B. increase stockholders' equity.
C. increase total liabilities.
D. accomplish both a and b.
10) Receiving cash from a customer on account will
A. decrease liabilities.
B. have no effect on total assets.
C. increase stockholders' equity.
D. increase total assets.
11) Which of the following is not an asset account?
A. Salary Expense
B. Common Stock
C. Service Revenue
D. None of the listed accounts is an asset.
12) The journal entry to record the purchase of supplies on account
A. debits Supplies Expense and credits Supplies.
B. credits Supplies and debits Cash.
C. credits Supplies and debits Accounts Payable.
D. debits Supplies and credits Accounts Payable.
13) On January 1 of the current year, Bambi Company paid $ 1,500 in rent to cover six months
(January long dash June). Bambi recorded this transaction as follows:
Journal Entry
Date
Accounts
Debit
Credit
Jan
1
Prepaid Rent
1,500
Cash
1,500
Bambi adjusts the accounts at the end of each month. Based on these facts, the adjusting entry at the end of January should include
A. a debit to Prepaid Rent for $ 1,250.
B. a credit to Prepaid Rent for $ 250.
C. a debit to Prepaid Rent for $ 250.
D. a credit to Prepaid Rent for $ 1,250.
14) On January 1 of the current year, Bamber Company paid $ 1,500 in rent to cover six months (January - June). Bamber recorded this transaction as follows:
Journal Entry
Date
Accounts
Debit
Credit
Jan
1
Prepaid Rent
1,500
Cash
1,5.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
1) AccountingA. processes data into reports and communicates t.docxoswald1horne84988
1) Accounting:
A. processes data into reports and communicates the data to decision makers.
B. is often called the language of business.
C. measures business activities.
D. is all of the above.
2) Assets include cash, land, and accounts payable.
True
False
3) A prepaid expense is an asset.
True
False
4) The primary objective of financial reporting is to provide information
A. on the cash flows of the company.
B. to the federal government.
C. useful for making investment and credit decisions.
D. about the profitability of the enterprise.
5) Each transaction has either an equal effect on both the left - and right- sides of the accounting equation, or an offsetting effect (both positive and negative) on the same side of the equation.
True
False
6) During February, assets increased by $ 87,000 and liabilities increased by $ 31,000. Stockholders' equity must have
A. increased by $ 56,000.
B. decreased by $ 56,000.
C. increased by $ 118,000.
D. decreased by $ 118,000
7) Thompson Instruments had retained earnings of $ 340,000 at December 31, 2015.
Net income for 2016 totaled $ 185,000, and dividends for 2016 were $ 85,000.
How much retained earnings should Thompson report at December 31, 2016?
A. $ 425,000
B. $ 340,000
C. $ 525,000
D. $ 440,000
8) Purchasing a laptop computer on account will
A. increase total assets.
B. have no effect on stockholders' equity.
C. increase total liabilities.
D. All of the listed choices are correct.
9) Performing a service on account will
A. increase total assets.
B. increase stockholders' equity.
C. increase total liabilities.
D. accomplish both a and b.
10) Receiving cash from a customer on account will
A. decrease liabilities.
B. have no effect on total assets.
C. increase stockholders' equity.
D. increase total assets.
11) Which of the following is not an asset account?
A. Salary Expense
B. Common Stock
C. Service Revenue
D. None of the listed accounts is an asset.
12) The journal entry to record the purchase of supplies on account
A. debits Supplies Expense and credits Supplies.
B. credits Supplies and debits Cash.
C. credits Supplies and debits Accounts Payable.
D. debits Supplies and credits Accounts Payable.
13) On January 1 of the current year, Bambi Company paid $ 1,500 in rent to cover six months
(January long dash June). Bambi recorded this transaction as follows:
Journal Entry
Date
Accounts
Debit
Credit
Jan
1
Prepaid Rent
1,500
Cash
1,500
Bambi adjusts the accounts at the end of each month. Based on these facts, the adjusting entry at the end of January should include
A. a debit to Prepaid Rent for $ 1,250.
B. a credit to Prepaid Rent for $ 250.
C. a debit to Prepaid Rent for $ 250.
D. a credit to Prepaid Rent for $ 1,250.
14) On January 1 of the current year, Bamber Company paid $ 1,500 in rent to cover six months (January - June). Bamber recorded this transaction as follows:
Journal Entry
Date
Accounts
Debit
Credit
Jan
1
Prepaid Rent
1,500
Cash
1,5.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Introduction to AI for Nonprofits with Tapp Network
Financial Accounting MCQ
1.
2. 1. The expanded accounting equation is used
by which statement?
A. Cash Flow Statement
B. Balance Sheet
C. Income Statement
D. None of the above
Answer: B) Balance Sheet
3. 2. The main Purpose of Financial Accounting
is?
A. To Provide financial information to
shareholders
B. To maintain balance sheet
C. To minimize taxes.
D. To keep track of liabilities
Answer: A) To Provide financial
information to shareholders
4. 3. The revenues and expenses of a company
are displayed in which statement?
A. Balance Sheet
B. Cash Flow Statement
C. Income Statement
D. None of the above
Answer: C) Income Statement
5. 4. The account which increases equity is
known as?
A. Debit Account
B. Credit Account
C. Revenue
D. Treasury Stock
Answer: C) Revenue
6. 5. The kind of debts which are needed to be
repaid in a short term is known as?
A. Fixed Liabilities
B. Current Liabilities
C. Depreciating Assets
D. Intangible Assets
Answer: B) Current Liabilities
7. 6. What type of balance do asset accounts
have?
A. Contra
B. Credit
C. Debit
D. All of the above
Answer: C) Debit
8. 7. What are the long-term assets which do not
have any physical existence?
A. Intangible Assets
B. Tangible Assets
C. Current Liabilities
D. Current Assets
Answer: A) Intangible Assets
9. 8. What is the supporting evidence in a
business transaction called?
A. Journal
B. Ledger
C. Voucher
D. Contra Voucher
Answer: C) Voucher
10. 9. Which person owes an amount to a
business organization for buying goods and
services on a credit basis?
A. Creditors
B. Debtors
C. Owner
D. None of the above
Answer: B) Debtors
11. 10. When are balance sheets prepared?
A. Quarterly
B. Yearly
C. Monthly
D. None of the above
Answer: B) Yearly
12. 11. The Expenses, Profit & Loss of an
organization are recorded in which account?
A. Current Account
B. Personal Account
C. Nominal Account
D. None of the above
Answer: C) Nominal Account
13. 12. What is an operating cycle?
A. A metric that expresses the time (measured in days) it
takes for a company to convert its investments in
inventory and other resources into cash flows from sales.
B. The time it takes a company to buy goods, sell them and
receive cash from the sale of said goods.
C. The process of hiring personnel to conduct the daily
operations of the business.
D. Collective process of identifying, analyzing, and recording
the accounting events of a company.
Answer: B) The time it takes a company to buy goods, sell
them and receive cash from the sale of said goods cycle.
14. 13. What is Activity Ratio?
A. Financial Ratios that measure a firm's ability to
convert different accounts into a balance sheet.
B. Ratios that measure a company's ability to pay debt
obligations and its margin of safety.
C. Financial measurements that assess the ability of a
company to meet its financial obligations.
D. The ratio that evaluates the company's ability to
generate income as compared to its expenses.
Answer: A) Financial Ratios that measure a firm's ability
to convert different accounts into a balance sheet.
15. 14. What is Current Liability?
A. Assets of a company that are expected to be sold or
used as a result of standard business operations
over the next year.
B. A potential liability that may occur in the future.
C. Company's short-term financial obligations that are
due within one year or within a normal operating
cycle.
D. Obligations listed on the balance sheet not due for
more than a year.
Answer: C) Company's short-term financial obligations
that are due within one year or within a normal operating
cycle.
