Question Completion Status: QUESTION 1 1. The ____________________ is a type of financial statement that indicates the worth or financial condition of a business as of a cer

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  Question Completion Status:QUESTION 11.The ____________________ is a type of financial statement that indicates the worth or financial condition of a business as of a certain date.income statementratio statementbalance sheetvertical analysis10 points   QUESTION 21._________ assets are assets that are normally turned into cash within a year.LiquidNonliquidCurrentHistorical10 points   QUESTION 31._______ and _________ are assets that are used in transacting business and are more long term in nature.Plant and equipmentAccounts and receivablesNotes and cashMerchandise and inventory10 points   QUESTION 41.___________ are amounts that the business owes.AssetsLiabilitiesReceivablesInventories10 points   QUESTION 51.Capital, proprietorship, and net worth are all terms that refer to owner's _______.liabilitiesdebtsequitycash10 points   QUESTION 61.A __________ analysis of a balance sheet shows the ratio of each item on the balance sheet to the total assets.horizontalcurrentwagevertical10 points   QUESTION 71.A(n) ___________ analysis compares the same item for two different years.verticalcurrenthorizontalinventory10 points   QUESTION 81.The ___________ statement shows the net income of a business over a period of years.incomeexpenditureliabilityloss10 points   QUESTION 91.______ sales is the difference between the total sales and sales returns or allowances.GrossSurplusDiscountedNet10 points   QUESTION 101.________ profit is the difference between the net sales and the cost of goods sold.NetSurplusGrossIncidental  

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Question Completion Status: QUESTION 1 1. The ____________________ is a type of financial statement that indicates the worth or financial condition of a business as of a cer

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Oct 17, 2019

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