Question
Treetop Company paid off a $100,000 two-year note payable. The effect of this transaction is that the a.debt-to-equity ratio increased. b.current ratio decreased. c.earnings per
Treetop Company paid off a $100,000 two-year note payable. The effect of this transaction is that the
a.debt-to-equity ratio increased.
b.current ratio decreased.
c.earnings per share increased.
d.debt-to-equity ratio decreased.
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Accounting Principles
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
8th Edition
0471980196, 9780471980193
