A Company with $60,000 in Current Assets and $35,000 in Current

question 271

Multiple Choice

A company with $60,000 in current assets and $35,000 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.

---

Definitions:

Hypnosis

A mental state of heightened suggestibility, often induced by a hypnotic induction technique, which can lead to changes in perception, memory, and voluntary action.

Hypnotized

The state of being under the influence of hypnosis, characterized by altered consciousness and responsiveness to suggestion.

Memory Accuracy

The degree to which remembered information reflects the true events or facts, often influenced by various factors.

NREM Sleep

Non-Rapid Eye Movement sleep, which is characterized by slower brain waves and is considered restorative sleep.