Tap the item that does not belong

Exercise and reference answers

Questions

1. Items

   1. Buildings
   2. Cash
   3. Inventory
   4. Receivables

   Odd item

   Buildings

2. Items

   1. Patents
   2. Machinery
   3. Copyrights
   4. Goodwill

   Odd item

   Machinery

3. Items

   1. Accounts payable
   2. Notes payable
   3. Mortgage on plant
   4. Accrued expenses

   Odd item

   Mortgage on plant

4. Items

   1. Current ratio
   2. Acid-test ratio
   3. Working capital
   4. Return on equity

   Odd item

   Return on equity

5. Items

   1. Trial balance
   2. Balance sheet
   3. Income statement
   4. Cash flow report

   Odd item

   Trial balance

Instructions

Three items share a group. Tap the fourth.

Explanation