· Question 8 Bathlinks Corporation has a debt to assets ratio of 73 %. This tells the user of Bathlinks ‘ s financial statements that
· Question 9 Owners of business firms are the only people who need accounting inf ormation .
· Question 10 Marvin Services Corporation had the following accounts and balances : If the balance of the Buildings account was $ 45,000 and the equipmen t was sold for $ 21,000 , what would be the total of stockholders ' equity ?
· Question 11 Consistent use of the same accounting principles and methods is neces sary for meaningful analysis of trends within a company .
· Question 12 Requiring employees to take vacations is a weakness in the system of i nternal controls because it does not promote operational efficiency .
· Question 13 Solvency ratios measure the shortterm ability of the company to pay its maturing obligations .
· Question 14 The best definition of assets is the
· Question 15 The partnership form of business organization
· Question 16