Question: Which term is used to identify the assets that can be or will be converted into cash within the next year? Group of answer choices

Which term is used to identify the assets that can be or will be converted into cash within the next year?

Group of answer choices

a-quick assets

b-quick ratio

c-high-liquidity assets

d-short term assets

e-current assets

Under which condition is it possible for owners' equity to be negative?

Group of answer choices

a-Owners equity will be negative when the value of the assets is greater than the value of the business liabilities.

b-Because of loss, damage or depreciation, the money that a business could get by selling its assets is less than the total amount of money that it owes.

c-Owners equity will be negative when the value of the assets is greater than the value of the business loans, debts and other obligations

d-It is not possible for owners equity to be negative

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The strut on the utility pole supports the cable having a weight of 600 lb. Determine the absolute maximum bending stress in the strut if A, B, and C are assumed to be pinned. 2 in. -4 ft- -2 ft C01...

QUESTION 4 10 points Save Answer Under which condition is it possible for owners' equity to be negative? a. Owners' equity will be negative when the value of the assets is greater than the value of...

get an anwer and solution of problem in both paper 1 full disclousure second revenue recognition IV. Test Questions and Solutions Chapter 1 Multiple Choice 1. What basic financial statements can be...

Please read Introduction to Finance Basics from the HBR course pack before responding to these questions. Students who google the answers to this discussion forum will be given a zero. Students must...

where can I find the answers to case 6-1? (i downloaded this from CourseHero) CHAPTER 6 Foreign Currency Translation Examine the following financial performance commentary. It is extracted from Rio...

Hi, I need help answering the following questions (I have already tried some of the questions) Part 2: Analyzing the Financials ~ Witness Fitness Centre ~ Ted and Taryn Winslow decided to expand...

. The following is the December 31, 2010 balance sheet for the Epics Corporation. Assets Liabilities Cash $ 70,000 Accounts Payable $ 100,000 Accounts Receivable 150,000 Notes Payable 120,000...

Introduction to Dirt Bikes Dirt Bikes USA is a small company headquartered in Carbondale Colorado that manufactures and sells its own brand of off-road motorcycles. It was founded in 1993 to product...

What are current assets? Group of answer choices Assets purchased within the last year. Assets which will be used within the next month. Assets expected to be converted into cash within one year or...

I need the answers to section IV on Walmart and Target ACCT 6305/SYSM 6337 Pre-Skilling Fall 2016 Table of contents Table of contents I. Basics of Financial Accounting...

Please check the attached file to see if you can answer the problems FIN 305 Assignment 1 Due by 5pm Fri, Jan 27th The goal of this assignment is to help you understand certain situations in which...

A large vertical finished (inside) shaft diameter of 32 ft is required for hoisting capacity in a planned high volume underground oil shale mine. An aquifer is encountered at a depth of 1,270 ft...

The measure of risk for a security held in a diversified portfolio is: a. Specific risk. b. Standard deviation of returns. c. Reinvestment risk. d. Covariance.

Required: Define the multiplicities indicated by the YNF Boston system for the purchases and cash disbursements process. Assume that agents and resources are populated before participating in events....

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...