Included in listing of current assets

Assignment Help Financial Management

Reference no: EM131566383

1. Which of the following items cannot be found on a firm’s balance sheet under current liabilities?

a. Accounts payable.

b. Short-term notes payable to the bank.

c. Accrued wages.

d. Cost of goods sold.

e. Accrued payroll taxes.

2. Which of the following items should not be included in a listing of current assets?

a. Marketable securities

b. Accounts payable

c. Accounts receivable

d. Inventories

Reference no: EM131566383

Questions Cloud

What are incremental earnings associated with new machine : what are the incremental earnings (net income) associated with the new machine?

What is the present value and opportunity cost : How to find the present value of $1,700 that she will receive in 8 years. What's the opportunity cost is 3%. What is the present value?

Propose an alternative portfolio insurance strategy : Propose an alternative portfolio insurance strategy in (a) by using another type of derivative on the S&P 500 index.

Advantage of tax code carry-back-carry-forward provisions : Assume that the company has taken full advantage of the Tax Code’s carry-back, carry-forward provisions and that the current provisions were applicable in 2004.

Included in listing of current assets : Which of the following items should not be included in a listing of current assets?

Regarding the taxation of corporate and personal income : Which of the following statements regarding the taxation of corporate and personal income are incorrect?

Included in listing of current assets : what is changing as you read down the left hand side of a balance sheet? Which of the following items should not be included in a listing of current assets?

Activities result in an increase in firm cash : Which of the following activities result in an increase in a firm’s cash? An operating loss incurred by a corporation.

Interest paid by corporation-dividends paid for corporation : An important difference between interest paid by a corporation and dividends paid for a corporation is that:

User Account

All Pages