A Company with $70,000 in Current Assets and $50,000 in Current

question 113

Multiple Choice

A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will

• A) both decrease
• B) both increase
• C) increase and remain the same, respectively
• D) remain the same and decrease, respectively

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Definitions:

MBTI

MBTI, or Myers-Briggs Type Indicator, is a psychometric assessment designed to measure psychological preferences in how people perceive the world and make decisions.

Self-Awareness

The awareness of one's own personality, emotions, motivations, and wishes.

Individual Differences

Variations among people in their thinking, emotion, personality, and behavior.

Different Personalities

Refers to the range of distinct character traits and behaviors that differentiate one individual from another.