Which of the Following Is Included in the Denominator of the Acid-Test

question 131

Multiple Choice

Which of the following is included in the denominator of the acid-test ratio?

• A)Current liabilities less accounts payable
• B)Total liabilities
• C)Total current liabilities
• D)Total current assets

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Definitions:

Accurate

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Cent

A Cent is a monetary unit that represents one hundredth of the base unit of currency in many countries, such as the United States dollar, Euro, and others.

Decimal Equivalent

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Percent Equivalent

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