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devry acct304 week 2 quiz




Question;Question 1. Question;(TCO 4) Cash equivalents would not include;cash not available for current operations.;money market funds.;United States Treasury bills.;bank drafts.;Question 2. Question;(TCO 4) Which is a shareholders' equity account in the;balance sheet?;Accumulated depreciation;Paid-in capital;Dividends payable;Marketable securities;Instructor Explanation: See Chapter 3.;Points Received: 4 of 4;Comments;Question 3. Question;(TCO 4) Janson Corporation Co.'s trial balance included the;following account balances at December 31, 2011;Investments consist of treasury bills that were purchased in;November and mature in January. Prepaid insurance is for the next 2 years. What;amount should be included in the current asset section of Janson's December 31;2011 balance sheet?;$88.000;$85,000;$55,000;$135,000;Question 4. Question;(TCO 4) Which of the following would be disclosed in the;summary of significant accounting policies disclosure note?;Option A;Option B;Option C;Option D;Question 5. Question;(TCO 4) Below is the partial balance sheet ($ in thousands);for Paisano Seafood Inc.;The current ratio (rounded) is;1.98.;1.58.;1.17.;0.66.


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