For questions 4 through 13, in which section of the income statement or balance sheet should the following human resources items be classified? Please put correct letter next to question number.

a. Revenue

b. Expenses

c. Current assets

d. Noncurrent assets

e. Current liabilities

f. Noncurrent liabilities

g. Shareholders equity

_____ 4. Shares of stock of a company that have been issued and sold to the public

_____ 5. Fees earned for providing consulting services in the current year

_____ 6. Cost incurred by the Recruiting Department to advertise jobs on Linkedin in the

current year

_____ 7. Equipment in Human Resources Information Systems (HRIS) Division

_____ 8. Salaries and wages for employees who have worked but will not be

paid until one week after the accounting period ends

_____ 9. Unfunded pension obligations a company needs to contribute to the pension

plan and has the intention of doing so within one year of the balance sheet date

_____ 10. Fees paid to an external consultant to do a climate survey on the companys staff

next fiscal year

_____ 11. Tuition for seminars the company has earned through seminars provided to external

clients by its Training Department in the current year

_____ 12. The companys own office supplies sitting in its storeroom

_____ 13. Rent paid in advance of the next fiscal year on Human Resources office space

14. What type of ratios measure the extent of a firms financing with debt

relative to equity?

a. Activity ratios

b. Liquidity ratios

c. Market ratios

d. Leverage ratios

15. ________________________ allocates an expense each period related to the

cost of property, plant and equipment over their useful lives.

a. Amortization.

b. Depreciation.

c. Impairment.

d. Accrued expense.

16. Which type of ratios measure how a company is able to meet its needs for

cash as they arise?

a. Financial ratios.

b. Liquidity ratios.

c. Leverage ratios.

d. Market ratios.