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