Indicate whether the following are TRUE or FALSE. _____. The working capital (current) ratio is an indicator of a...
Indicate whether the following are TRUE or FALSE.
|
_____. |
The working capital (current) ratio is an indicator of a company’s liquidity. |
|
_____ |
Accounts Receivable is an example of an intangible asset. |
|
_____. |
Merchandise Inventory would be debited when goods are purchased by a company that uses a periodic inventory system. |
|
_____. |
Accumulated depreciation is an account that appears in the income statement. |
Homework Answers
Solution:
|
True |
The working capital (current) ratio is an indicator of a company’s liquidity. |
|
False |
Accounts Receivable is an example of an intangible asset. |
|
False |
Merchandise Inventory would be debited when goods are purchased by a company that uses a periodic inventory system. |
|
False |
Accumulated depreciation is an account that appears in the income statement. |
Add Answer to:
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