ACC 500 Module 5 Midterm Exam SNHU | Page 10

b . total assets
c . creditors d . paid in capital
22 . Which of the following is NOT a current asset ?
a . Inventories b . Supplies c . Land d .
Prepaid Insurance
23 . Unsecured debt holders are creditors who have ________.
a . a general claim against total assets b . a specific claim against particular assets c . a specific claim against fixed assets only d . a general claim against fixed assets only
24 . Preferred stock has priority over common stock in ________.