Which of the Following Transactions Will Decrease Both the Return

question 92

Multiple Choice

Which of the following transactions will decrease both the return on assets ratio and the asset turnover ratio?

• A) Purchasing land by signing a note payable.
• B) Accruing interest expense at year-end.
• C)Accruing interest revenue at year-end.
• D)Collecting cash from an account receivable.

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Definitions:

Electoral Votes

The number of votes a state has in the U.S. Electoral College, which ultimately decides the President and Vice-President of the United States.

Majority

The greater part or more than half of a total number, often used in the context of elections, decisions, or opinion trends within a group.

Political Action Committees

Organizations that collect funds from members or donors and contribute them to campaign funds of candidates or political parties they support, often influencing political outcomes.

Citizen Involvement

The participation and engagement of ordinary citizens in governmental or civic activities, decision making, and policy setting.