Question 6
The market rate of interest is often called the Question 7
A current liability is a debt that can reasonably be expected to be paid Question 8
A budget can be used as a basis for evaluating performance . Question 9
Vertical analysis is a technique for evaluating a series of financial statement data over a period of time to determine the increase ( decrease ) that has taken place . Question 10
Bonds with a face value of $ 400,000 and a quoted price of 104ΒΌ have a selling price of Question 11
The current cash debt coverage ratio is considered a better representative of liquidity than the current ratio because it involves the entire year rather than a balance at one point in time . Question 12
On January 1 , 2014 , Ermler Company , a calendar-year company , issued $ 1,000,000 of notes payable , of which $ 250,000 is due on January 1 for each of the next four years . The proper balance sheet presentation on December 31 , 2014 , is Question 13
One objective of the income statement is to separate the results of continuing operations from those of discontinued operations . Question 14