ECON 10A Study Guide - Midterm Guide: Dividend, Net Income, Capital Structure
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Student: __________________________________________________________________________: which of the following accounts would not be considered when calculating the quick ratio? (cid:160) D. (cid:160) acco unts payable: which of the following describes an accrued liability? (cid:160) A. (cid:160) it is an expense that has been both incurred and paid. D. (cid:160) it is a liability where the cash flow has taken place but the revenue has yet to be earned: miranda company borrowed ,000 cash on september 1, 2010, and signed a one-year 6%, interest- bearing note payable. D. (cid:160: miranda company borrowed ,000 cash on september 1, 2010, and signed a one-year 6%, interest- bearing note payable. D. (cid:160: landseeker"s restaurants reported cost of goods sold of million and accounts payable of million for 2011. Landseeker"s accounts payable turnover ratio in 2011? (cid:160) A. (cid:160) an understatement of both liabilities and stockholders" equity. An overstatement of net income, an understatement of liabilities, and an overstatement of stockholders" equity: houston company is involved in a lawsuit.
