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Which will be larger: accrual taxes payable or accounting income tax expense - correct answer Accounting tax expense will be higher; actual taxes based on IRS rules will be lower Which financial ratios measure "efficiency"? - correct answer Asset turnover and Fixed Asset turnover Which ratio is the best measure of a firm's ability to pay bills? - correct answer Quick Ratio Which decision requires using subjective estimates? - correct answer Economic life of a new asset What is the...

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