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