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upton upton
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6 years ago
Which statement below best describes the quick (acid test) ratio?
A) The acid test adds merchandise inventory and prepaid expenses in the computation of current assets.
B) The acid test ratio considers only the most liquid assets: cash, accounts receivable, and temporary investments.
C) The current ratio includes only the assets most easily converted into cash.
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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#1
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6 years ago
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upton Author
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6 years ago
Brilliant ツ
shangshang
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Yesterday
You make an excellent tutor!
djeghri
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2 hours ago
Thanks
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