Question 12 (1 point) Saved In which month should revenue be recorded? Question 12 options: In the month that goods are shipped to the customer In the month that goods are ordered by the customer In the month that the invoice is mailed to the customer Question 13 (1 point) An expense that has been incurred but not yet paid or invoiced. Question 13 options: Provisional expense Budgeted expense Accrued expense Question 14 (1 point) A measure of how quickly an asset can be converted to cash. Question 14 options: Depreciation Liquidity Debt Question 15 (1 point) Calculate the current ratio from the following information: Current assets $7200, Current liabilities $23978. Question 15 options: 3 0.28 0.30 Question 16 (1 point) Calculate the Debt ratio from the following information: Current assets $45390, Current liabilities $19570, Fixed assets $91500, Long term liabilities $52000. Question 16 options: 1.91 0.52 2.32

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Question 12 Revenue should be recorded in the month that the ... View the full answer