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Match the following terms or phrases in (a-g) with the explanations in 1-8. Terms or phrases may be used more than once. Current assets/Current liabilities

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Match the following terms or phrases in (a-g) with the explanations in 1-8. Terms or phrases may be used more than once. Current assets/Current liabilities Remote contingent liability Current assets - Current liabilities Cash + Temporary investments + Accounts receivable (Cash + Temporary investments + Accounts receivable)/Current liabilities Probable likelihood and estimable liability Probable likelihood of a liability but cannot be estimated Reasonably possible likelihood of liability Measures the "instant" debt-paying ability of company Current ratio Working capital Quick assets Quick ratio Record an accrual and disclose in the notes to the financial statements Disclose only in notes to financial statements No disclosure needed in notes to financial statements

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