Question
A client has settled her credit account with Buy Stuff Corporation; at the same time, Buy Stuff Corporation has received cash for supplies that it
A client has settled her credit account with Buy Stuff Corporation; at the same time, Buy Stuff Corporation has received cash for supplies that it sold at cost. Which of the following best describes the overall impact on the current ratio for Buy Stuff Corporation of these two simultaneous changes?
| None of the other answers are correct. | ||
| The current ratio will decrease. | ||
| There is no impact. | ||
| The current ratio will increase. |
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3 1/2 IRS Audit Red Flags That Trigger 99% Of All IRS Audits Tax Houdini How To Cut Taxes Without Provoking An Audit
Authors: Dean Q Wynn, Sam L Milledge, Altaf Adam, Samuell L Milledge II, Eric T McFerren
1st Edition
1985081199, 978-1985081192
