Voice Brand Security Corporation Had $250,000 of Current Assets and $90,000

question 51

Multiple Choice

Voice Brand Security Corporation had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Voice Brand Security's current ratio?

• A) The ratio remained unchanged.
• B) The change in the current ratio cannot be determined.
• C) The ratio decreased.
• D) The ratio increased.

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Definitions:

Pioneering Institutional Advertisement

Initial or early-stage advertising efforts aimed at building a brand or institution's image rather than promoting specific products.

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Pioneering Institutional Advertisement

An advertising approach aimed at building brand recognition and trust by focusing on the company's values, mission, or history rather than specific products.