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Which of the following will have an impact on the current ratio but not the quick ratio? A. $1,000 of Inventory is stolen and is
Which of the following will have an impact on the current ratio but not the quick ratio?
A.
$1,000 of Inventory is stolen and is written off (i.e. -1000 in Inventory and -1000 in Owner's Equity)
B.
Purchase $1,000 of Fixed Assets with Cash (i.e. -1000 in Cash and +1000 in Fixed Assets)
C.
Issue $1,000 of Common Stock to pay down $1,000 in Notes Payable (i.e. -1000 in Notes Payable and 1000 Common Stock)
D.
Payoff $1,000 of Accounts Payable with Cash (i.e. -1000 in Cash and -1000 in Accounts Payable)
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