« previous next »

Author Question: All of the following statements regarding the ratio of liabilities to owner's equity are true except ... (Read 84 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
All of the following statements regarding the ratio of liabilities to owner's equity are true except
 a. A ratio of 1 indicates that liabilities equal owner's equity.
  b. Corporations can use this ratio but substitute total stockholders' equity for total owner's equity.
  c. The higher this ratio, the better able a business is to withstand poor business conditions and pay creditors.
  d. The lower this ratio, the better able a business is to withstand poor business conditions and pay creditors.

Question 2

The assets section of the balance sheet normally presents assets in
 a. alphabetical order
  b. the order of largest to smallest dollar amounts
  c. the order in which they will be converted into cash or used in operations
  d. the order of smallest to largest dollar amounts


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
true story true story
True Forget-Me-Not True Forget-Me-Not
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Video: Introduction to Herpes

For a complete list of videos, visit our video library