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Cash and other assets that are expected to be converted to cash, sold, or used up within one year or less through the normal operations of the business are called _____.

Stork, Inc., had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the current year. Based on the given information, which of the following statements is true?

Which of the following situations increases stockholders’ equity?

Reporting the financial condition of a business at a point in time and reporting the changes in the financial condition of a business over a period of time are the two major objectives of _____.

Johnson, Inc. purchased land for cash. What effect does this transaction have on its accounts?

Anthony, Inc. buys land for $50,000 cash. The net effect on assets is _____.

From the following data for Zen Industries, calculate the quick ratio. Amount Cash $   66,500 Accounts receivable 120,000 Inventories 210,000 Prepaid expenses      25,000 Total current assets $ 421,500 Less current liabilities   (270,000) Working capital $ 151,500

Use the following information to determine Total Stockholders’ Equity. Amount Total Assets $ 95,000 Total Liabilities    22,000 Total Stockholders’ Equity              x Total Retained Earnings     8,000

_____ are an example of internal stakeholders.

Debts owed by a business are referred to as _____.