Revenues are a measure of the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers. Which of the following is NOT a revenue transaction?

Which ratio use sales in its numerator?

The _______________ is used to indicate the relative protection of bondholders and to assess the probability of a firm's failing to meet required interest payments.

The _______________is supposed to indicate the ability of the firm to meet its current obligations.

Which is NOT a current liability?

XYZ Company reports total assets and total liabilities of $425,000 and $200,000, respectively, at the conclusion of its first year of business. The company earned $95,000 during the first year and distributed $50,000 in dividends. What was the firm's contributed capital?

True or False? Liabilities and shareholders’ equity must be equal.

What are retained earnings?

What agency does a publicly traded company file with if they sell stock?

On a balance sheet, goodwill is an example of what?

What should balance on a company’s balance sheet?