The correct order to present current assets is Select one: a. inventories, prepaid items, accounts receivable, cash. b. inventories, receivables, prepaid items, cash, C. cash, accounts receivable, prepaid items, inventories. d. cash, inventories, accounts receivable, prepaid items. The statement of financial position Select one: a. Makes very limited use of judgments and estimates. b. All of the choices are correct regarding the statement of financial position. C. Omits many items that are of financial value. d. Uses fair value for most assets and liabilities, Statement of financial position information is useful for all of the following except to on Select one: a. evaluate capital structure b. assess future cash flows C. analyze cash inflows and outflows for the period d. compute rates of return Factors that shape an accounting information system include the Select one: a. size of the firm. O b. volume of data to be handled. c. All of these answers are correct. d. nature of the business. Pullman Corporation had retained earnings of $2,100,000 at January 1, 2015. During the year the company experienced a net loss of $900,000 and declared cash dividends of $240,000. Determine the retained earnings balance at December 31, 2015. Select one: a. $3,000,000 b. $960,000 C. $2,760,000 d. $1,200,000 The statement of financial position can help assess all of the following except Select one: a. Liquidity. b. Solvency c. Financial flexibility. d. Profitability The income statement information would help in which of the following tasks? Select one: a. Evaluate the solvency of a company. b. Estimate future cash flows. C. Evaluate the liquidity of a company. d. Estimate future financial flexibility