If a Company's Balance Sheet Reported Accounts Receivable Equal to $38,500,total

question 12

Multiple Choice

If a company's balance sheet reported accounts receivable equal to $38,500,total current assets of $205,000,and total assets of $510,000,then a vertical analysis of the balance sheet would show a percentage figure for accounts receivable equal to:

• A)100.0%
• B)40.2%
• C)18.8%
• D)7.5%

Understand how Office 365 can facilitate the creation and sharing of web content and documents.

Distinguish between different communication platforms within Office 365 and their specific uses.

Compare the usefulness of Office 365 to businesses with previous versions of Office.

Recognize Office 365's solutions for synchronizing and accessing data across devices.

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Definitions:

Adjustments

Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, representing wear and tear, obsolescence, or a decline in value.

Utilities Payable

A liability account recording amounts owed for utilities such as electricity, water, and gas that have been consumed but not yet paid for.

Utilities Expense

Costs associated with the consumption of utilities such as electricity, gas, water, and sewer services by a business or household.