Match the following terms or phrases in (a–g) with the explanations in 1–8. Terms or phrases may be usedmore than once. a.Current ratio b.Working capital c.Quick assets d.Quick ratio ...

Match the following terms or phrases in (a–g) with the explanations in 1–8. Terms or phrases may be usedmore than once.

a.Current ratio

b.Working capital

c.Quick assets

d.Quick ratio

e.Record an accrual and disclose in the notes to the financial statements

f.Disclose only in notes to financial statements

g.No disclosure needed in notes to financial statements

193.Current assets/Current liabilities

194.Remote contingent liability

195.Current assets – Current liabilities

196.Cash + Temporary investments + Accounts receivable

197.(Cash + Temporary investments + Accounts receivable)/Current liabilities

198.Probable likelihood and estimable liability

199.Probable likelihood of a liability but cannot be estimated

200.Reasonably possible likelihood of a liability

201.Measures the “instant” debt­paying ability of a company