Which of the Following Transactions Would Immediately Increase a Company's

question 98

Multiple Choice

Which of the following transactions would immediately increase a company's return on assets ratio?

• A)Received cash from customers for goods sold to them on account last month.
• B)Borrowed cash from a local bank.
• C)Incurred expenses on account.
• D)Paid cash on accounts payable.

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Definitions:

Carbohydrates

Essential nutrients found in sugars, starches, and fibers that provide energy to the body’s cells, tissues, and organs.

Calorie

A unit used to measure the amount of energy food produces; the amount of energy needed to raise the temperature of 1 kg of water by 1°C.

Calories

Units of energy that measure the amount of energy food provides to the body.

Fat

A macronutrient that is a major source of energy for the body and aids in the absorption of vitamins.