Reference no: EM132656023
Problem 1: What is the correct date line for a statement of financial position?
Group of answer choices
Option 1: for the year ended December 31, 2015
Option 2: none of these
Option 3: as at December 31, 2015
Option 4: for the accounting year ended December 31, 2015
Option 5: from December 31, 2015
Problem 2: What accounts are included in working capital?
Group of answer choices
Option 1: net revenue and profit for the year
Option 2: none of these
Option 3: total assets and total liabilities less cash
Option 4: non-current assets and long-term liabilities
Option 5: current assets and current liabilities
Problem 3: Debt/coverage ratios measure two things: (1) capital structure of a business and (2) its ability to service its debt.
Group of answer choices
True
False
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