ACC 577 Week 2 Quiz ( 100 % Correct Answers )
Question 18
In a comparison of 2004 to 2003 , Neir Co .' s inventory turnover ratio increased substantially although sales and inventory amounts were essentially unchanged . Which of the following statements explains the increased inventory turnover ratio ?
Question 19
Heath Co .' s current ratio is 4:1 . Which of the following transactions would normally increase its current ratio ?
Question 20
Which of the following levels of the fair value hierarchy , if any , requires the most extensive disclosures about fair value measurements ?
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ACC 577 Week 2 Quiz ( 100 % Correct Answers )
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Week 2 Quiz
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All Questions Details given below ( Please Check ) Question 1
On December 30 , 2004 , Astor Corp . sold merchandise for $ 75,000 to Day Co . The terms of the sale were net 30 , FOB