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The cash ratio is calculated by dividing cash flows from operating activities by current
liabilities.
Preferred stockholders typically do not have the right to vote at stockholders meetings.
Why are unearned revenues considered current liabilities?
A corporate charter is sometimes called the articles of incorporation.
The ____________________ principle attempts to associate the revenue of the period
with all costs necessary to generate that revenue.
In a(n) ____________________-step income statement, all expenses and losses are
added together, then deducted from the sum of all revenues and gains.
When plant assets are reported, the current period's depreciation expense is subtracted
from the original cost on the balance sheet.
