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Question 23 State the effect of the following transactions on the current ratio. Select increase, decrease, or no effect for your answer. (a) Collection of
Question 23 State the effect of the following transactions on the current ratio. Select increase, decrease, or no effect for your answer. (a) Collection of an accounts receivable No Effect A (b) Declaration of cash dividends Decrease (c) Additional stock is sold for cash Increase (d) Accounts payable are paid Increase (e) Equipment is purchased for cash Decrease A (f) Inventory purchases are made for cash Decrease A (9) Temporary investments are purchased for cash No Effect
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