Match the following terms or phrases in (a-g) with the explanations in 1-8. Terms or phrases may be used more than once. A. No disclosure needed in notes to financial statements B. Working capital C. Quick ratio D. Current ratio E. Quick assets F. Record an accrual and disclose in the notes to the financial statements G. Disclose only in notes to financial statements ABCDEFGRemote contingent liability ABCDEFGCurrent assets - current liabilities ABCDEFGThis measure the instant debt-paying ability of a company ABCDEFGAnother name for this is acid-test ratio 2. Use the following key to match the payroll item with its characteristics. A. Amount is not limited, withheld from employee and matched by employer B. Amount is limited, paid by employer only C. Amount is limited, withheld from employee only D. Amount is limited, withheld from employee and matched by employer E. Amount is not limited, withheld from employee only F. Amount is not limited, paid by employer only ABCDEF____FICA - Medicare ABCDEF____Federal Unemployment Compensation Tax (FUTA) 3. Use the following key to identify the proper treatment of each contingent liability. A. Disclose only B. Record only C. Record and disclose D. Do not record or disclose ABCD____Event is probable but amount is not estimable 4. Match the following terms to the most appropriate answer: A. amortization B. interest expense C. contract rate D. effective rate E. bond discount F. bond premium G. interest payment ABCDEFGthe allocation of a premium or discount over the life of a bond ABCDEFGthe value reported on the income statement 5. Match each of the following investment terms with the appropriate definition below. A. Equity Securities B. Investor C. Business Combination D. Investee E. Debt Securities F. Cost Method G. Trading Securities H. Available-for-sale Securities I. Held-to-maturity Securities J. Equity Method ABCDEFGHIJPreferred and common stock that represent ownership in a company and do not have a fixed maturity date. ABCDEFGHIJThe company investing in another companys stock. ABCDEFGHIJThe company whose stock is purchased by another entity. ABCDEFGHIJWhat occurs when a company purchases 50% or more of another companys stock. 6. Match each of the following investment terms with the appropriate definition below. A. Dividend Yield B. Unrealized Gain or Loss on Investments. C. Equity Method D. Parent Company E. Subsidiary Company F. Consolidated Financial Statements G. Fair Value H. Valuation Allowance for Investments I. Amortized Cost J. Cost Method ABCDEFGHIJMeasurement of the rate of return to stockholders based on cash dividends. ABCDEFGHIJRecognition of changes in the fair value of short-term investments