BUS-A 100 Study Guide - Midterm Guide: Big Four Accounting Firms, Morgan Stanley, Current Liability

• School: IU
• Department: Business
• Course: BUS-A 100
• Professor: All

Document Summary

1 which of the following is one of the big four accounting firms? a chase d regions. Mcquigley & co. e morgan stanley c pwc. 2 which of the following is a true statement? a total assets are increased when an accounts receivable is collected. 3 albany inc. bought a large piece of equipment on july 1, 2012 for ,000. The company expects the equ will last for 20 years and then be worthless. ,000 e none of the a ,000 d ,000 c ,500. 4 which of the following is true of dividends? a paying dividends reduces total assets. 5 at january 1, 2015, banner corporation had ,000 in current assets and ,000 in current liabilities. December 31, 2015, banner had ,000 in current assets and ,000 in current liabilities. What was the company"s current ratio at december 31, 2015? a 3. 1. 1. 5 c 1. 3 d 1. 2 e none of the.