Question 16
Which of the following is not a basic principle of cash management ?
Question 17
Use the following data to determine the total dollar amount of assets to be classified as property , plant , and equipment .
Eddy Auto Supplies Balance Sheet December 31 , 2014 Cash $ 84,000 Accounts payable $ 110,000 Accounts receivable 80,000 Salaries and wages payable 20,000 Inventory 140,000 Mortgage payable 180,000 Prepaid insurance 60,000 Total liabilities $ 310,000
Question 18
Accounting information is relevant to business decisions because it
Question 19