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Attempt 1 Question 7 (8 points) On 11/1/2020, your company recorded the following journal entries: DR: Cash ............. $5,000 CR: Deferred Revenue .............. $ 5,000
Attempt 1 Question 7 (8 points) On 11/1/2020, your company recorded the following journal entries: DR: Cash ............. $5,000 CR: Deferred Revenue .............. $ 5,000 What is the impact of these journal entries on the financial statement ratios for the year ended 12/31/2020? (select all that apply - i.e., just one or as many as all of them) The current ratio will change The quick ratio will remain the same The debt to equity ratio will increase The return on equity will increase Previous Page Next Page Page 6 of
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