Assume a Company Has a Current Ratio of 2

question 82

Multiple Choice

Assume a company has a current ratio of 2. Payment of accrued wages payable would cause the current ratio to

• A)decrease.
• B)increase.
• C)be unchanged since the effects offset one another.
• D)be unchanged since it has no impact on any current asset or liability accounts.

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Definitions:

Skinner

B.F. Skinner, a pioneering figure in psychology who developed the theory of operant conditioning, emphasizing how behavior is influenced by its consequences.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Behaviourism

A theoretical approach in psychology that focuses on observable behaviors rather than internal processes.

Dog Biscuit

A small, hard, and dry snack made specifically for dogs, often used as a form of reward or training aid.