7.The residual interest in a company's assets after deducting liabilities is

Group of answer choices

net income.

equity.

noncontrolling interest

earned capital

6.Which of the following is a probable future sacrifice of economic benefits arising from present obligations as a result of past events?

Group of answer choices

Expense

Liability

Loss

Asset

21.Which of the following assets is reported at net realizable value on the balance sheet?

Group of answer choices

Short-term investments

Merchandise inventory

Accounts receivable

Prepaid insurance

23.The current ratio is calculated as:

Group of answer choices

Current assets divided by long-term assets.

Current assets divided by total assets.

Current assets divided by current liabilities.

Current assets divided by total liabilities.

6.Which of the following is a probable future sacrifice of economic benefits arising from present obligations as a result of past events?

Group of answer choices

Expense

Liability

Loss

Asset

7.he residual interest in a company's assets after deducting liabilities is

Group of answer choices

net income.

equity.

noncontrolling interest

earned capital