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Which of these transactions would result in an increase in a company's current ratio (current assets/current liabilities)? Assume current assets are equal to current liabilities
Which of these transactions would result in an increase in a company's current ratio (current assets/current liabilities)? Assume current assets are equal to current liabilities before the transactions below take place.
Multiple Choice
None of the other alternatives are correct
making a mortgage payment
issuing long-term debt
collecting an accounts receivable
declaring a cash dividend
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