Which of the Following Account Balances Would Not Be Included

question 103

Multiple Choice

Which of the following account balances would not be included in the calculation of the current ratio?

• A)Accounts receivable.
• B)Short-term notes payable.
• C)Equipment.
• D)Supplies.

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Definitions:

Accepted by Others

The state or experience of being received favorably or approval by a social group.

Flow State

A psychological state in which a person is fully immersed in an activity, feeling energized and focused, losing track of time and self-consciousness.

External Goal

An objective or target set by external factors or individuals, as opposed to personal ambitions or desires.

Individual Identifies

The process by which a person recognizes or establishes their own characteristics, values, or beliefs as distinct from others.