An Increase in Which One of the Following Accounts Increases

question 175

Multiple Choice

An increase in which one of the following accounts increases a firm's current ratio without affecting its quick ratio?

• A) Accounts payable
• B) Cash
• C) Inventory
• D) Accounts receivable
• E) Fixed assets

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Definitions:

Main Ideas

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Flat Tax Rate

A tax system with a constant rate applied to all taxpayers, regardless of their income bracket, as opposed to a progressive tax system.

Condensed Form

A shortened or simplified version of something, especially a text or speech.

Main Ideas

The central or most important points of a text or discussion which everything else revolves around or supports.