ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 69
· 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
information.
· Question 10
Marvin Services Corporation had the following accounts and
balances:
If the balance of the Buildings account was $45,000 and the
equipment 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
necessary for meaningful analysis of trends within a company.
· Question 12
Requiring employees to take vacations is a weakness in the system of
internal controls because it does not promote operational efficiency.
· Question 13
Solvency ratios measure the short-term 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