Complete the Following Using the Terms Listed Below

Multiple Choice

Complete the following using the terms listed below.
-______ measure a firm's ability to meet its short-term obligations when they come due.

A) Chartered Professional Accountant
B) International Financial Reporting Standards
C) Asset
D) Liability
E) owners' equity
F) accounting equation
G) balance sheet
H) income statement
I) Corruption of Foreign Public Officials Act
J) accrual accounting
K) open book management
L) Budget
M) GAAP
N) AcSB
O) profitability ratio
P) International Accounting Standards Committee
Q) liquidity ratios
R) budget