The Following Information Has Been Provided by Hable Company: •

question 63

Multiple Choice

The following information has been provided by Hable Company: • Advertising expense $9,900
• Interest expense $3,700
• Rent expense for store $12,000
• Loss on sale of property and equipment $5,700
• Cost of goods sold $21,300
• Depreciation expense $7,100
• Prepaid insurance expense $1,000
What is the amount included in the Other Items section of Hable's income statement?

• A)$19,300.
• B)$9,400.
• C)$3,700.
• D)$13,800.

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Definitions:

Measure Of Liquidity

Indicators that demonstrate a company's ability to cover its short-term obligations with its liquid assets.

Debt-Equity Ratio

A gauge of how much a corporation leans on debt, by dividing all owed sums by the total equity of its stockholders.

Inventory Turnover

A financial ratio that shows how many times a company's inventory is sold and replaced over a period.

Mode

The most recurrent value in a data set.