Question

In: Accounting

state the effect of the following transaction on the current ratio. Use increase, decrease, or no...

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

Expert Solution

ekkarill92 answered 2 years ago

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