BB Corporation's trial balance included the following account balances at December 31, 2000:
Accounts payable: $90,000 Bonds payable, due 2001: 150,000 Discount on bonds payable: 18,000
Dividends payable: 48,000 Notes payable, due 2004: 120,000
What amount should be included in the current liability section of the balance sheet?

Which of the following statements is (are) true with respect to the impact the choice between expensing and capitalizing will have on certain financial ratios?
I). Profit margins will be higher throughout the period for firms that capitalize certain expenditures as opposed to expensing them.
II). Reported income tends to be more stabilized throughout the period if the capitalization method is used.
III). Asset turnover ratios will be lower for firms that capitalize certain expenditures as opposed to expensing them.
IV). Debt-to-equity ratios will be lower for companies that expense costs as opposed to capitalizing them.

Financial statements are an input into which step in the financial statement analysis framework?

Which of the following is not a measure of liquidity?

If you are a bondholder for a firm, which of the following ratios would you be most interested in?
I). Times interest earned.
II). Total debt to total assets.
III). Return on equity.
IV). Quick ratio.