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Q: 11
Which if the following is NOT the step to calculate current ratio?
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Q: 12
An accounting method that tracks when cash was received and when cash was expended, regardless of when services were provided or resources were used is called:
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Q: 13
Common costs are that benefit a number of services shared by all.
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Q: 14
The resources that the organization owns, typically recorded at their original costs are called assets.
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Q: 15
In contrast to excel’s NPV function, the IRR function includes the final investments as one of the entries in the function.
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Q: 16
A common mistake is to infer that because days in accounts receivables is increasing, collection are improving.
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Q: 17
An entity that negotiates the use of another’s asset via a lease is called Lessee.
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Q: 18
The combination of age and technology has increased cost with the passage of time.
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Q: 19
The variable asset turnover ratio is a measure of how productive the fixed assets of the organization are in generating operating revenues.
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Q: 20
Higher debt increases financial risk by magnifying the returns on net asset or equity.
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Question 11 of 20 · Page 2 / 2

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