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    Intermediate Accounting Study Set 5
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    Exam 3: The Balance Sheet and Notes to the Financial Statements
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    Which Item Describes Whether the Following Accounts Would Be Included
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Which Item Describes Whether the Following Accounts Would Be Included

Question 52

Question 52

Multiple Choice

Which item describes whether the following accounts would be included in the calculation of the acid-test (quick) ratio? Accounts Receivable Inventories


A) No No
B) No Yes
C) Yes No
D) Yes Yes

Correct Answer:

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