For Each Characteristic Which Appears Numbered from 1 Through 5

question 75

Essay

For each characteristic which appears numbered from 1 through 5 below, select the correct factor which should be considered in each assessment as listed in items a through e.

____ 1. Ability to get cash from sale of assets and issuance of debt or stock
____ 2. Avoiding reporting financial responsibilities on the balance sheet
____ 3. Measured by profitability and activity ratios and cash provided by operations
____ 4. Delaying the sale of inventory until the following year because current profits are satisfactory
____ 5. Ability to convert existing assets into cash

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