Question 20 (5 points) March the following terms or phrare in (a-g with the explanations on 7-8 Time or phrase may be used more than Once Probable likelihood and estimable liability Measures the "instant" debt-paying ability of a company 1. Current ratio Probable likelihood of a liability but cannot be estimated 2. Working capital (Cash + Temporary investments + Accounts receivable) Current liabilities 3. Quick assets Remote contingent liability 4. Quick ratio 5. Record an accrual and disclose in the notes to the financial statements > Current assets - Current liabilities 6. Disclose only in notes to financial statements > Current assets. Current liabilities 7. No disclosure needed in notes to financial statements > Cash - Temporary investments - Accounts receivable Reasonably possible likelihood of a liability