Which One of the Following Transactions Decreases a Company's Quick

question 44

Multiple Choice

Which one of the following transactions decreases a company's quick assets?

• A) The board of directors declares a cash dividend to be paid next month.
• B) Salary expense is accrued.
• C) Depreciation expense is recorded.
• D) A prepaid account is created due to the payment of insurance in advance.

---

Definitions:

Nudibranch Mollusks

Colorful sea slugs known for their striking forms and colors, which have shed their shells during evolutionary development.

Tracheal Tubes

A system of branching air ducts within insects that spread across the body to facilitate the exchange of gases.

Body Surface

The outermost layer or covering of an organism's body, including the skin, fur, or scales, which serves as a protective barrier.

Nudibranch Mollusks

Colorful sea slugs found in marine environments, known for their striking forms and colors.