In the fixed capital method- i. $Partners^{\prime} capital and current account balances always remain unchanged$ ii. Capital account always has a credit balance iii. All transactions other than capital are recorded in the current account Which one is correct?

1.What is the portion of profit distributed among shareholders called?

2.Which of the following ratios is used to assess long-term solvency?

3.What are the amounts of direct wages and factory overhead?

4.Which of the following is an operating expense?

5.Amortizable expenses- i. General expenses ii. Preliminary expenses iii.Underwriter's commission Which one is correct?

6.What is unclaimed dividend for a company?

7.What is the total current assets amount?

8.Goodwill is what type of asset?

9.What is the standard current ratio?

10.Which of the following ratios are liquidity ratios- i. Current ratio ii. Acid-test ratio iii. Inventory turnover ratio Which one is correct?

11.Which are profitability ratios? i. Gross profit ratio ii. Net profit ratio iii. Average collection ratio Which one is correct?

12.What is the company's paid-up capital?