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    Principles of Accounting Study Set 1
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    Exam 16: Financial Statement Analysis
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    The Ability to Pay Bills When Due and to Meet
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The Ability to Pay Bills When Due and to Meet

Question 132

Question 132

Multiple Choice

The ability to pay bills when due and to meet unexpected needs for cash most closely describes


A) cash flow adequacy.
B) long-term solvency.
C) liquidity.
D) profitability.

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