Question
4.What is the effect on the current ratio of 1) inventory purchased for cash, and 2) equipment purchased for cash? a.1) decrease; 2) increase. b.1)
4.What is the effect on the current ratio of 1) inventory purchased for cash, and 2) equipment purchased for cash?
a.1) decrease; 2) increase.
b.1) decrease; 2) decrease.
c.1) decrease; 2) no effect.
d.1) no effect; 2) no effect.
e.1) no effect; 2) decrease.
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
