Question
A company has a current ratio of 3:1. Which action will decrease this ratio? Group of answer choices Collection of an account receivable Sale of
A company has a current ratio of 3:1. Which action will decrease this ratio? Group of answer choices
Collection of an account receivable
Sale of equipment for cash
Issue of long-term debentures
Declaration of a dividend
An entity defined as a 'disclosing entity' under the Corporations Act must prepare interim financial reports.
The minimum content of an interim financial report, under AASB 134, must include: Group of answer choices
a condensed statement of financial position, a condensed statement of comprehensive income and selected notes.
a condensed statement of financial position, a condensed statement of profit or loss, a condensed statement of cash flows and selected notes.
a condensed statement of financial position, a condensed statement of profit or loss and other comprehensive income, and a condensed statement of changes in equity.
a condensed statement of financial position, a condensed statement of profit or loss and other comprehensive income, a condensed statement of changes in equity, a condensed statement of cash flows and selected notes.
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