Which One of the Following Events Decreases the Current Ratio

question 31

Multiple Choice

Which one of the following events decreases the current ratio?

• A) A decrease in the number of common shares outstanding
• B) Sale of treasury stock for more than its cost
• C) Sale of treasury stock for less than its cost
• D) Purchase of treasury stock

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Definitions:

Communal Cultures

Societies or groups that emphasize the collective over the individual and value shared responsibilities and resources.

Individualistic Societies

Societies characterized by a focus on personal independence and individual rights, often at the expense of community and collective well-being.

Racial Groups

Categories of humans identified by shared physical characteristics or genetics, often associated with historical, social, and political implications.

Country Music

A genre of popular music that originated in the rural regions of the Southern United States in the early 20th century.