Matching Questions For each item listed in 1 through 5 below, place the letter of the best description selected from a through e in the space provided. You may use each letter more than once or not...

Matching Questions

1. 
   For each item listed in 1 through 5 below, place the letter of the best description selected from
   a
   through
   e
   in the space provided. You may use each letter more than once or not at all.
   

____1.Operating cycle

____2.Cash discount

____3.Allowance method

____4.Collection period

____5.Direct write-off method

2.For each item numbered 1 through 5 below, identify the letter of the best description by selecting from items
a
through
e
below.You may use each letter more than once or not at all.

____1.Current liabilities

____2.Current assets

____3.Quick ratio

____4.Working capital

____5.Current ratio

3.For each item listed in 1 through 5, place the letter (a
through
e) of the best description in the space provided. You may use each letter more than once or not at all.

____1.Sales returns

____2.Accounts receivable

____3.Sales discounts

____4.Net realizable value

____5.Quantity discounts