51 The liabilities that are payable in more than a year and are not be liquidated from current assets grad of 1.00 Select one: a. All of the above o b. Current liabilities O c. Contingent liabilities d. Fixed liabilities 52 What is the effective annualized cost of foregoing a trade discount on the terms 2/10 net 802 orod of 1.00 Select one a. 9.0% b. 10.3% c. 10.5% d. 2.0% 53 Equipment is frequently used as collateral for short-term loans. wered of 1.00 Select one: a. False O b. True 54 A floating lien is wered of 1.00 Select one: o a. a security device acknowledging that the borrower holds specifically identified inventory. b. a claim on specifically identified personal property to back a loan. c. a general or blanket lien against a group of assets such as inventory or receivables, without the assets being specifically iden O d. a receipt for the deposit of goods in a public warehouse