Which of the Following Items Should Be Excluded from the Assets

question 20

Multiple Choice

Which of the following items should be excluded from the assets or liabilities when computing the quick ratio?

• A)inventories
• B)amount of long-term debt due in the following year
• C)accounts payable
• D)cash equivalents

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Definitions:

Infant

A very young child, typically under one year old, who is in the earliest stage of human development.

Visual Preferences

Refers to an individual's tendency to favor certain visual stimuli over others, which can influence perception and choice.

Infant

A very young child or baby, typically from birth until 12 months of age.

Habituation

A decrease in response to a stimulus after repeated presentations, illustrating one of the simplest forms of learning.