1. This document contains 20 multiple choice questions regarding accounting concepts such as liquidity ratios, current assets, funds flow statement preparation, and non-current assets. 2. It tests the reader's understanding of key financial ratios, the calculation of current assets, and the differences between items included in current versus non-current assets based on the given multiple choice responses. 3. The questions cover topics such as the ideal liquidity ratio level, components of working capital, differences between line items on the funds flow statement, and how various transactions would impact the flow of funds.

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