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Hermiston Corporation is a leading media programming and advertising company in college athletics. During 2017, Hermiston Corporation had the following transactions. Consider each transaction in
Hermiston Corporation is a leading media programming and advertising company in college athletics. During 2017, Hermiston Corporation had the following transactions. Consider each transaction in isolation. Which of these transactions, by itself, increased Hermiston's current ratio? h A B C D Purchased an executive office building for $1,840,000 cash Issued 15,000 shares of stock to shareholders in exchange for $840,000 cash Collected $25,500 of cash from an account receivable Declared and paid a cash dividend of $287,500
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