All of the Following Line Items Are Found on the Balance

question 51

Multiple Choice

All of the following line items are found on the balance sheet EXCEPT for:

• A)current maturities of long-term debt.
• B)accounts payable.
• C)treasury stock.
• D)dividends declared.

---

Definitions:

NINJA Loan

A loan that has been negotiated by a borrower with “no income, no job, and no assets.”

Qualifications

The skills, knowledge, and experiences that make an individual suitable for a specific job or activity.

Approval Process

A systematic procedure followed by organizations to validate and authorize proposals, projects, or transactions before implementation.

Reverse Mortgage

A type of loan that allows homeowners, over the age of 62, to convert some of the equity in their home into cash while retaining ownership of their home.