Bookmark and Share

Answer To Accounting Question IFS Test No 4 On Interpretation of Financial Statements

November 10th, 2006 / No comments yet

Answer to Accounting Test Question IFS No 4:

Current ratio

Acid-test ratio

Debt to equity ratio

1

Company issued ordinary shares for cash

I

I

D

2

Bought raw material on account

I

D

I

3

Received money from accounts receivable

N

N

N

4

Expiration of prepaid rent

D

N

I

5

Payment of cash dividend

D

D

I

6

Purchase long term investment with cash

D

D

N

7

Sale of fixed assets for cash with no gain or loss

I

I

N

8

Stock write off

D

N

I

9

Refinance on a long term basis currently matured debt

I

I

N

10

Bought fixed asset with a 6 month note

D

D

I

TrackBack URI

Leave a comment

 

February 28, 2010

January 27, 2010

January 25, 2010


    Subscribe in Bloglines
    Add to Google


    Or, subscribe by email:

Financial Accounting

 

Cost Accounting

Managerial Accounting

Management Information Systems, Audit, Fraud, Corporate Governance

 

Financial Mathematics

Financial Management

Business Strategy, Economics, Management, Marketing, Law,Tax & Business Studies

Others

Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Link to us | Motivational Stories | Resource | Shopping | Testimonials | Universities/Colleges |