5. Which of the following is not true regarding the quick ratio? A. If a company has more current assets than liquid assets, the current ratio will be larger than th B. A high quick ratio suggests a high ability to pay current liabilities. C. Liquid assets include cash and cash equivalents, short-term investments, and net accounts rec D. A quick ratio greater than 1 implies a company could not pay all ofits current liabilities. 6. In October, you borrow $50,000 in order to buy new equipment. The loan is repayable in five y annual interest. Semiannual interest payments are due each March and September. Assuming no o debt, what is the initial balance in the long-term debt account? A. $54,000 B. $50,000 C. $46,000 D. $52,000 7 which of the following would be included in cash flows from operating activities? A. Cash proceeds from sales. B. Cash received from an issuance of bonds. C. Dividends paid to stockholders. D. Cash used for purchases ofequipment. 8. Which of the following statements regarding dividends is true? A. Some companies do not pay dividends even when the company is profitable. B. Stock dividends immediately increase the total value of the stockholders' investment. C. Cash dividends and stock dividends both decrease total stockholders' equity. D. A corporation has a legal obligation to pay dividends each year. 9. Depreciation is an allocation method, not a valuation method. True False 10. A typical balance sheet provides no information regarding which of the following items? A. To whom the company owes money. B. For what the company owes money. C. How much the company paid in the short-term D. me on of the companys debts that will be