Multiple Choice
Match the descriptions with their terms:
-A liability for which the amount is uncertain but able to be measured reliably by estimation
A) Non-current liability
B) Present value
C) Warranty
D) Issue price
E) Current liability
F) Borrowing costs
G) Contract interest rate
H) Mortgage
I) Quick ratio
J) Provision
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Vagabond Ltd manufactures handbags and provides a
Q22: A quick ratio is a measure of
Q23: On 1 October, Simon's Solar Service borrows
Q24: A current liability is an obligation that
Q25: An employer business is required by law
Q27: In Australia the taxation authority is the
Q28: Century Ltd has outstanding debentures with a
Q29: Although interest expense reduces net profit, earnings
Q30: Bondi Bank agrees to lend Tawonga Construction
Q31: The following information is available from the