Use the Following Information for Questions

question 119

Multiple Choice

Use the following information for questions.
Anson Corporation had $325,000 in current assets and $145,000 in current liabilities before borrowing $100,000 from the bank for a 6-month period.
-What effect did the borrowing transaction have on Anson'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:

Same-sex

Refers to relationships or marriages between individuals of the same biological sex or gender identity.

LGBTQ

An acronym representing the lesbian, gay, bisexual, transgender, and queer or questioning communities and identities.

Gay Rights

Civil rights, protections, and liberties fought for and granted to individuals who identify as homosexual, aimed at achieving equal treatment and eliminating discrimination.

Demonstration

A public display of group opinion, often a gathering of people in a public place to protest against or support a cause.