Author Question: When company's debt-to-equity ratio is greater than 100 than its current ratio must be greater than ... (Read 114 times)

V@ndy87 · **on:** Jul 5, 2018

When company's debt-to-equity ratio is greater than 100 than its current ratio must be greater than 1.0 to 1.

Indicate whether the statement is true or false

Question 2

The adjustment to journalize an additional premium due at the end of the year for workers' compensation insurance (WCI) is
a. debit WCI Expense and credit Cash.
b. debit WCI Expense and credit Insurance Refund.
c. debit WCI Expense and credit WCI Payable.
d. debit Insurance Payable and credit WCI Payable.