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Which of the following transactions would always result in a decrease in the current ratio? Question 6 options: Selling inventory for $100 that cost the
Which of the following transactions would always result in a decrease in the current ratio? Question 6 options: Selling inventory for $100 that cost the company $70. Recording a utility bill for costs this accounting period that will be paid next accounting period. Collection of cash from customers that had owed us accounts receivable from sales last accounting period. Borrowing money from the bank to be paid off in 10 years and using that money to pay accounts payable this month
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