Question
1) Which of the following is not an example of a fiduciary type liability? sales taxes payable employees federal income taxes withheld payable excise taxes
1) Which of the following is not an example of a fiduciary type liability?
sales taxes payable
employees federal income taxes withheld payable
excise taxes payable
federal income taxes payable
2) Which of the following is not part of the capital structure of a corporation?
Revenues | ||
Capital Lease Obligation | ||
Cash | ||
Dividends |
Which of the following transactions would not cause an immediate change in the denominator of the Debt Ratio?
ssuance of a debenture
Payment required by a type B lease
Payment of principal on an installment note
Accrual of interest expense on an installment note
Which of the following would not have any effect on a companys debt ratio calculated using amounts from the Balance Sheet?
Definitely Determinable Liabilities | ||
Contingent Liabilities | ||
Estimated Liabilities | ||
Commitments |
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