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Author Question: Indicate which of the following current asset and current liability accounts are operating (O), ... (Read 33 times)

Cooldude101

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on: Jul 6, 2018
Indicate which of the following current asset and current liability accounts are operating (O), investing (I), or financing Answer: F accounts.
 
  a. Current portion of long-term debt
  b. Accounts receivable
  c. Prepaid expenses
  d. Marketable securities
  e. Accrued expenses
   f. Notes payable to bank

Question 2

The rate for the federal unemployment tax is higher than the rate for the state unemployment tax.
  Indicate whether the statement is true or false


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chreslie

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a. F d. I
b. O e. O
c. O f. F

Answer to Question 2

F


Cooldude101

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

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Reply 3 on: Yesterday
Wow, this really help

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