Which of the Following Statements Is Correct

question 69

Multiple Choice

Which of the following statements is correct?

• A)Repayment of a bond on the first day of the fiscal year will increase 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 improve the current ratio.
• C)The sale of 2,000 common shares for cash will worsen the shareholders' return on equity.
• D)The sale of $5,000 of inventory on credit for $6,000 will worsen the shareholders' return on equity.

---

Definitions:

Nurses

Healthcare professionals who are trained to care for individuals who are sick, injured, or require long-term care, providing support to doctors and patients alike.

Ascribed Status

A social position assigned at birth or involuntarily later in life, often based on gender, race, or family background, not earned by the individual.

Achieved Status

A social position a person takes on voluntarily that reflects personal ability and effort.

Social Group Characteristics

Traits or features that define a group of people within a society, including shared interests, behaviors, beliefs, and social connections.