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Exercise 13-19 Indicate for each of the following transactions whether the transaction would improve, weaken, or have no effect on the current ratio of Flint

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Exercise 13-19 Indicate for each of the following transactions whether the transaction would improve, weaken, or have no effect on the current ratio of Flint Inc. at December 31, 2017. (1) Write off an uncollectible account receivable, $2,200. (2) Purchase additional capital stock for cash. (3) Pay $40,000 on notes payable (short-term). (4) Collect $23,000 on accounts receivable. (5) Buy equipment on account. (6) Give an existing creditor a short-term note in settlement of account

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