Examlex

Solved

A Company Has Liquid Assets of $600,000 and Current Liabilities

question 110

Multiple Choice

A company has liquid assets of $600,000 and current liabilities of $500,000.What is the effect on the quick ratio if the company records an accrual adjustment for salaries of $100,000 and pays accounts payable in the amount of $50,000?


Definitions:

Merton's Contributions

Refers to the significant sociological contributions of Robert K. Merton, including theories on social structure, anomie, and the sociology of science.

Cause of Deviance

Various factors that lead to deviant behavior, including biological, psychological, and sociological influences.

Insider Trading

The unlawful act of using insider knowledge for personal gain in stock transactions.

Legitimate Means

Accepted, legal, or socially approved methods for achieving goals.

Related Questions