• 2021-04-14
    Which of the following current liabilities is/are a known amount?
  • All of the above are known amounts.

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    • 0

      In a merger, the acquiring firm assumes all liabilities of the target firm. Assumed liabilities include all but which of the following? A: Current liabilities B: Long-term debt C: Warranty claims D: Fully depreciated operating equipment E: Off-balance sheet liabilities

    • 1

      Current liabilities differ from long-term liabilities based on: A: the amount owed. B: the financial situation of the creditor. C: the interest rate charged. D: when the debt is due. E: current economic conditions.

    • 2

      If the short-term solvency of an enterprise is strong, the amount of current assets with strong monetary capital and liquidity and the amount of current liabilities are ( ). A: There is nothing to do with the two B: The two are equal C: The former is greater than the latter D: The former is smaller than the latter

    • 3

      Liabilities are classified into current liabilities and non-current liabilities.

    • 4

      The difference between the amount of assets and the amount of liabilities is ._