Which of the Following Accounts Would Not Be Considered When

question 58

Multiple Choice

Which of the following accounts would not be considered when calculating the quick ratio?

• A)Taxes payable
• B)Accounts receivable
• C)Cash
• D)Prepaid rent

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Definitions:

Delegation

The act of assigning responsibility or authority from one person to another to carry out specific activities, while the original party remains accountable for the outcome.

Delegator's Duty

In the context of delegated tasks, this refers to the responsibility of the individual or party who has transferred a duty to another to ensure the duty is performed appropriately.

Delegator

A party in a contract who transfers his or her duties to perform to a third party who is not a part of the original contract (a delegatee).

Donee Beneficiary

A third party who benefits from a contract between two other parties, especially in cases involving the transfer of a gift or a donation.