GB 518 RANK Extraordinary Life/gb518rank.com GB 518 RANK Extraordinary Life/gb518rank.com | Page 40
Question 3. Question: Reebok had income of $ 150 million and average assets of $ 1,800 million. Its return on assets is:
Question 4. Question: Unearned revenues are:
cash
Revenues that have been earned and received in
yet collected in cash
Revenues that have been earned but not
Liabilities created when a customer pays in advance for products or services before the revenue is earned
Recorded as an asset in the accounting records Increases to retained earnings
Question 5. Question: Technological advancement Has replaced accounting accountants do
Has not changed the work that
Has freed accounting professionals to concentrate more on the analysis and interpretation of information
Question 3. Question: Reebok had income of $ 150 million and average assets of $ 1,800 million. Its return on assets is:
Question 4. Question: Unearned revenues are:
cash
Revenues that have been earned and received in
yet collected in cash
Revenues that have been earned but not
Liabilities created when a customer pays in advance for products or services before the revenue is earned
Recorded as an asset in the accounting records Increases to retained earnings
Question 5. Question: Technological advancement Has replaced accounting accountants do
Has not changed the work that
Has freed accounting professionals to concentrate more on the analysis and interpretation of information