The account form and the report form of the balance sheet are both acceptable under GAAP.
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Q12: Financial flexibility measures the ability of an
Q13: A company excludes from the current assets
Q14: Collection of a loan is reported as
Q15: The statement of cash flows reports only
Q16: Companies determine cash provided by operating activities
Q18: Activity ratios measure the degree of protection
Q19: Companies frequently describe the terms of all
Q20: Because of the historical cost principle, fair
Q21: Current assets are presented in the balance
Q22: Which of the following is not a
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