Which of the Following Statements Is Correct

question 88

Multiple Choice

Which of the following statements is correct?

• A)Repayment of a bond on the first day of the fiscal year will have no effect on the shareholders' return on equity.
• B)Conversion of a 10% bond with no short term maturity, into common shares on the first day of the year will worsen the current ratio.
• C)The sale of 2,000 common shares for cash will have no effect on the current ratio.
• D)The sale of $5,000 of inventory on credit for $6,000 will have no effect on the current ratio.

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Definitions:

Ejaculation

The process of releasing semen from the body, often associated with orgasm in males.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized outside the body and the resulting embryo is implanted in the uterus.

Artificial Insemination

A process of fertilization in which a man’s sperm is placed directly into a woman’s vagina by a physician.

Surrogate Motherhood

An arrangement where a woman agrees to carry and deliver a child for another person or couple, who will become the child's parent(s) after birth.