Trade Multilateralism2024-02-14Internet Securities Trading2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Financial Assets Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. In financial accounting, financial assets are cash and other assets that convert directly into .......... amounts of cash. known estimated significant discovered Category: business-advanced 2. In the balance sheet, financial assets are listed at the current value: for cash, this means the .......... amount. stated dollar face total Category: business-advanced 3. Marketable securities are listed at current market value, while receivables are listed at net .......... value. realistic real realizable realized Category: business-advanced 4. The objectives of cash management are accurate accounting for cash transactions, the prevention of losses through .......... and maintaining adequate cash balances. robbery burglary theft stealth Category: business-advanced 5. One major step in achieving .......... control over cash transactions is separating cash handling from the accounting function. managerial crucial financial internal Category: business-advanced 6. The cash balance shown on the month-end bank statement will usually differ from the amount of cash shown in the depositor's ledger; this is a result of such items as .......... checks and deposits in transit. extraordinary outstanding preeminent preprocessed Category: business-advanced 7. The bank .......... adjusts the cash balance per the books and the cash balance per the bank statement for any unrecorded items and thus produces the correct amount of cash to be included in the balance sheet at the end of the month. concordance summary endorsement reconciliation Category: business-advanced 8. Under the allowance method, the portion of each period's credit sales expected to prove uncollectible is written .......... by debiting Allowance for Doubtful Accounts and crediting Accounts Receivable. out down off over Category: business-advanced 9. The most .......... financial asset is cash, followed by cash equivalents, marketable securities, and receivables. fluid accessible valuable liquid Category: business-advanced 10. Interest is a contractual amount that accumulates day by day; the amount of interest .......... over a time period may be computed by the formula Principal x Rate x Time. accruing assigned assumed amassing Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0