多选题\n If current assets are 70,000, the current ratio will be ____ A、77%. B、160,000.\n简答题\n Current assets don't include A、notes receivable. B、cash. C、notes payable. D、accounts receivable.\n简答题\n The single-step income statement emphasizes ____ A、the gross profit figure. B、total revenues and total expenses. C、extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement. D、the various components of income from continuing operations.\n简答题\n Inventories are considered as current assets because they ____ A、often reflect the most current trends. B、usually were purchased during the current year. C、will be converted into cash in the course of the company's operating cycle. D、can be returned to the supplier. \n简答题\n The basis for classifying assets as current or noncurrent is conversion to cash within ____ A、the accounting cycle or one year, whichever is shorter. B、the operating cycle or one year, whichever is longer. C、the accounting cycle or one year, whichever is longer. D、the operating cycle or one year, whichever is shorter.\n简答题\n The balance sheet omits many items that are of financial value to the business but cannot be recorded objectively.\n简答题\n Balance sheet is generally prepared first among all the financial statements.\n简答题\n Of the following, which is not an alternative title for the income statement? A、Earnings Statement. B、Statement of Operations. C、Profit and Loss Statement. D、Statement of Financial Position.\n