Chapter Three Managing Financial Health and Performance Multiple Choice 1.For a corporation,net worth is called (a)net income (b)assets (c)stockholder's equity (d)retained earnings Answer:(c) 2.On a company's published balance sheet,the value of assets,liabilities and net worth,are measured at (a)expected market value (b)current book value (c)current market value (d)historical acquisition costs Answer:(d) 3.Noncurrent assets typically consist of (a)accounts payable (b)receivables and inventories (c)cash and marketable securities (d)property,plant,and equipment Answer:(d) 3-13-1 Chapter Three Managing Financial Health and Performance Multiple Choice 1. For a corporation, net worth is called ________. (a) net income (b) assets (c) stockholder’s equity (d) retained earnings Answer: (c) 2. On a company’s published balance sheet, the value of assets, liabilities and net worth, are measured at ________. (a) expected market value (b) current book value (c) current market value (d) historical acquisition costs Answer: (d) 3. Noncurrent assets typically consist of ________. (a) accounts payable (b) receivables and inventories (c) cash and marketable securities (d) property, plant, and equipment Answer: (d)