• 2022-05-29
    A company's Current Assets are £376,000, and Current Liabilities are £293,000. What is the company's Net Current assets Figure?
    A: £669,000
    B: - £83,000
    C: £83,000
    D: £376,000
  • C

    内容

    • 0

      R company sold old equipment for $25 000. The equipment had a cost of $50 000 and accumulated depreciation of $30 000. The entry to record the sale of the equipment would include a ( ). A: loss on disposal of $25 000 B: gain on disposal of $25 000 C: loss on disposal of $5 000 D: gain on disposal of $5 000

    • 1

      The current ratio is measured as: A: current assets minus current liabilities. B: current assets divided by current liabilities. C: current liabilities minus inventory, divided by current assets. D: cash on hand divided by current liabilities. E: current liabilities divided by current assets.

    • 2

      If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:() A: in an account format. B: as a classified balance sheet. C: as a functional balance sheet.

    • 3

      The greater the level of current assets available relative to liabilities, the greater the firm’s ______ .

    • 4

      The cash ratio is measured as: A: current assets divided by current liabilities. B: current assets minus cash on hand, divided by current liabilities. C: current liabilities plus current assets, divided by cash on hand. D: cash on hand plus inventory, divided by current liabilities. E: cash on hand divided by current liabilities.