Nieman Inc

question 7

Multiple Choice

Nieman Inc. ,a local retailer,has provided the following data for the month of March: The cost of goods sold for March was:

• A)$146,000
• B)$150,000
• C)$142,000
• D)$237,000

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Definitions:

Current Liabilities

Financial obligations that a company is expected to pay within one year.

Liquidity

The ability to pay current obligations.

Liabilities

Financial obligations or debts that a company owes to external parties.

Assets

Assets that a company possesses or has rights to, which are anticipated to bring in economic gains or advantages in the future.