Examlex
The Sumerians were the first people to do all of the following EXCEPT
Current Ratio
An indicator assessing the ability of a company to cover its obligations or debts falling due within one year.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle.
FICA Taxes Payable
Taxes that are due on employee and employer contributions to Social Security and Medicare.
Federal Income Taxes Payable
A liability account on the balance sheet representing the amount of income taxes a company owes to the government.
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