Which of the Following Transactions Would Result in a Decrease

question 119

Multiple Choice

Which of the following transactions would result in a decrease in the current ratio?

• A)Collection of cash from an account receivable.
• B)Selling shares of stock to stockholders in exchange for cash.
• C)Purchasing a delivery vehicle by signing a long-term note payable.
• D)Declaration of a cash dividend by the board of directors.

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Definitions:

Exudate

Pus; the collection of purulent material in a cavity.

Medical Record

A comprehensive document containing a patient's medical history, treatments received, diagnostic tests, and other healthcare information.

Surgical Procedures

Medical operations carried out to diagnose, treat, or prevent disease, involving the use of instruments to modify tissues either for repair or removal.

Informed Consent

Agreement to do something or to allow something to happen only after all the relevant facts are known.