Which One of the Following Events Decreases the Debt/asset Ratio

question 8

Multiple Choice

Which one of the following events decreases the debt/asset ratio?

• A)Bonds are retired with a gain.
• B)Warranty expense is accrued.
• C)Some of the long-term debt matures next year.
• D)The board of directors declares a cash dividend to be paid next month.

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Definitions:

Procurement

The process of obtaining goods or services, often used in the context of supply chain management in business, healthcare, or government.

Ablative

Relating to a treatment that removes or destroys tissue, often used in reference to surgical procedures and some forms of therapy.

Nasogastric Tube

A medical device inserted through the nose into the stomach, used for feeding or removing substances from the stomach.

Gastric Suction

A medical procedure that involves the removal of gastric contents through a tube inserted into the stomach.