The Relationship Between Current Assets and Current Liabilities Is

question 34

Multiple Choice

The relationship between current assets and current liabilities is

• A)useful in determining income.
• B)useful in evaluating a company's liquidity.
• C)called the matching principle.
• D)useful in determining the amount of a company's long-term debt.

---

Definitions:

Palatine Tonsils

Lymphatic tissue located on each side of the throat that helps defend the body against infection by trapping pathogens.

Soft Palate

The flexible, muscular part at the back of the roof of the mouth, which closes off the nasal passages during swallowing.

Hard Palate

Floor of the nasal cavity that separates the nasal cavity from the oral cavity; composed of the palatine processes of the maxillary bones and the horizontal plates of the palatine bones; also called bony palate.

Bolus

A term used to describe a mass of substance, especially chewed food at the moment of swallowing.