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state the effect of the following transaction on the current ratio. Use increase, decrease, or no effect. payment of an account payable collection of accounts
state the effect of the following transaction on the current ratio. Use increase, decrease, or no effect.
payment of an account payable
collection of accounts receivable
decleration of cash dividends
payment o f cash dividends
payment of share dividend
additional shares are sold for cash
short term investments are purchased for cash
equipment is purchased for cash
inventory purchases are made for cash
office supplies purchased on account
invested cash in long term bonds
payment of employee salaries arrears
sold inventory for cash
inventory sold are returned to the warehouse for cash refund
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