WHICH OF THE FOLLOWING IS LEAST LIKELY TO BE INCLUDED WHEN CALCULAT...

9. Which of the following is least likely to be included when calculating

comprehensive income?

A. Unrealized loss from cash flow hedging derivatives.

B. Unrealized gain from available-for-sale securities.

C. Dividends paid to common shareholders.

A company’s quick ratio is 1.2. If inventory were purchased for cash, the:

A. numerator would decrease more than the denominator, resulting in a lower quick ratio.

B. denominator would decrease more than the numerator, resulting in a higher current ratio.

C. numerator and denominator would decrease proportionally, leaving the current ratio

unchanged.