1. Which account would be included in the current liabilities section of the classified balance...
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1. Which account would be included in the current liabilities section of the classified balance sheet? a. Unearned revenue b. Notes payable due in 18 months C. Accounts receivable d. Accumulated depreciation 2. If a company's current ratio is less than one: a. the company has significant long-term liabilities. b. the company's current liabilities exceed its current assets. the company should file for bankruptcy. d. the company's total assets exceed its total liabilities. c. a. 3. Which transaction would appear as an inflow of cash in the financing section of the statement of cash flows? A company sold a delivery vehicle for $5,000 cash. b. A company sold inventory to customers for $210,000. C. A company paid off a $50,000 note payable to a bank. d. A company received $100,000 from its shareholders in exchange for common stock. 4. When reviewing a company's statement of cash flows, in which section would you prefer to see strong, positive cash flows? a. Financing activities b. Investing activities C. Operating activities
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