1. The major accounting difference between interest paid to creditors
and dividens paid to owners is interest paid______________?
2. Why are liabilities seperated into current and long-term?
3. If a company decreases its cash discount offer from 3/10,n/30 to
2/10,n/60, then it would expect its accounts receivable collection
period to_____________?
4. If a firm with a current ratio of 2.0 pays $1,000 of its accounts
payable, then its current ration will_________________?
5. Sing company uses the direct write-off method of accounting for bad
debts. During december, 2001, Bill Clintons account was written off as
uncollectible. The write-off of clintons account_________________?