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(TCO 5) An off balance sheet means that risk (Points 5)

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Question 19.

 

19. (TCO 5) An off balance sheet means that risk (Points : 5)

       has not been recorded.

 

       has been recorded in the footnotes.

 

       has been recorded in the balance sheet under all other.

 

       exists on another financial statement.

 

 

Question 20.

20. (TCO 5) A high working capital turnover ratio indicates (Points : 5)

       that a firm is overcapitalized.

 

       an unprofitable use of working capital.

 

       that a firm is undercapitalized.

 

       None of the above

 

 

Question 21.

21. (TCO 5) Investments classified as marketable securities should be (Points : 5)

       temporary.

 

       long-term.

 

       permanent.

 

       None of the above

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