. What is a O A. O B. A measure of liquidity Purchases on account divided by average a accounts payable C. A measure of the number of times a year a company D. All of the listed answers are correct. is able to pay its accounts payable 48. Phoebe Corporation signed a six-month note for the fiscal year ending December 31, 2018? able on October 23, 2018, What accounts relating to the note payable will be reported on its financial on O A. O B. Interest receivable will be Notes payable, interest payable, and reported on the balance sheet and notes payable will be reported on the income statement and interest expense will be reported on the balance sheet expense otes payable and interest payable will be reported on the balance sheet OD. Notes payable will be reported on the balance sheet and interest payable w will be reported on the income is on Wednesday, December 31. If the company does not make the proper The current pay period ends on Friday, January 2, yet the company's fiscal 49. adjusting entry to accrue payroll expenses at year-end, what would be the impact? O A. Stockholders' equity will be understated O B. Operating income will be overstated. O C. Assets will be understated O D. Liabilities will be overstated en a company receives cash from customers before earning the revenue 50. Wh OA, accounts receivable B. estimated cash O C. unearned revenue O D. accounts payable