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Author Question: When company's debt-to-equity ratio is greater than 100 than its current ratio must be greater than ... (Read 113 times)

V@ndy87

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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.


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dawsa925

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Reply #1 on: Jul 5, 2018
Answer to Question 1

FALSE

Answer to Question 2

c


V@ndy87

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

lkanara2

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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