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If a company converts a short-term note payable into a long-term note payable, this transaction would: A) Decrease working capital and increase the current ratio
If a company converts a short-term note payable into a long-term note payable, this transaction would:
A) | Decrease working capital and increase the current ratio | |
B) | Decrease working capital and decrease the current ratio | |
C) | Decrease the current ratio and decrease the acid-test ratio | |
D) | Increase working capital and increase the current ratio |
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