Accounting 301 - Fall 2019 - Test 1 (Mark your answers on this booklet) 13. Cash equivalents would include: A. Highly liquid equity securities. B. Accounts receivable from a financial institution. C. Restricted funds for bonds that mature in three years. D. Treasury bills with maturity dates of less than three months from the date of the purchase. 14. Janson Corporation Co.'s trial balance included the following account balances at December 31, 2019 Accounts payable $25,000 Bond payable, due 2030 22,000 Salaries payable 16,000 Note payable, due 2020 20,000 Note payable, due 2024 40,000 What amount should be included in the current liability section of Janson's December 31, 2019, balance sheet A. $63,000. B. $41,000. C. $61,000. D. $101.000. 15. The current ratio is calculated as: A. Current assets divided by noncurrent assets. B. Current assets divided by total assets. C. Current assets divided by current liabilities. D. Current assets divided by total liabilities. Accounting 301 - Fall 2019 - Test 1 Page 5 of 13 Spurrier