Which of the Following Transactions Will Increase a Current Ratio,which

question 10

Multiple Choice

Which of the following transactions will increase a current ratio,which is currently 2.5?

• A)Receiving cash from signing a 6-month note payable.
• B)Accruing an expense.
• C)Using cash to pay an account payable.
• D)Collecting an account receivable.

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Definitions:

Followers

Individuals who support and are guided by a leader, contributing to the achievement of the leader’s or group’s objectives.

Leaders

Individuals who guide, influence, or direct others towards achieving collective goals, often by inspiring or motivating them.

Burns

Often associated with burns transformational leadership theory, focusing on how leaders can inspire followers to achieve extraordinary outcomes.

Personal Power

The influence and authority a person has derived from their personal attributes or skills, rather than their formal position.