The relationship of current assets to current liabilities is used in evaluating a company's Select one: A. long-range solvency. B. profitability. C. revenue-producing ability. D. short-term debt paying ability. Bell Provincial Bank agrees to lend Griswold Brick Company $80,000 on January 1. Griswold Brick Company signs an $80,000,9-month, 5% note. The entry made by Griswold Brick Company on January 1 to record the proceeds and issue of the note is At its December 31 year end, Jamison Company recorded $200 interest payable on a $10,000, three-month, 5% note payable. The company's financial statements will present notes payable of $10,200. Select one: True False Ann Parks has worked 44 hours this week. Six of these 44 hours were on the weekend. Her regular hourly wage is $15 per hour with one and one-half times her regular rate for weekend work. What are Ann's gross wages for the week? Select one: A. $795 B. $990 C. $705 D. $660 Under IFRS, a provision is a liability of certain timing and amounts. Select one: True False A note payable must be payable within one year. Select one: True False Collateral is usually required by a bank as protection in case the company is unable to repay the bank. Select one: True False Current liabilities are usually listed in order of liquidity. Select one: True False