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LesLlull 3U If a firm records a current assets item as a current liabilities by mistake the effect on the current ratio and the debt-to-equity

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LesLlull 3U If a firm records a current assets item as a current liabilities by mistake the effect on the current ratio and the debt-to-equity ratio (assuming everything else is the same) will be Current ratio Debt-to-equity ratio Increase Increase No effect Increase C) No effect Decrease D) Decrease Increase Option A Option B Optionc Option D

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