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Exam IIA-ACCA All Questions
Exam IIA-ACCA All Questions

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IIA CIA Challenge Exam IIA-ACCA Question # 69 Topic 7 Discussion

IIA-ACCA Exam Topic 7 Question 69 Discussion:
Question #: 69
Topic #: 7

Refer to the exhibit.

IIA-ACCA Question 69

Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:

If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:


A.

$100


B.

$200


C.

$300


D.

$500


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