If Current Assets Exceed Current Liabilities, the Payment of Accounts

question 28

Multiple Choice

If current assets exceed current liabilities, the payment of accounts payable will:

• A)decrease the current ratio.
• B)increase the level of cash held.
• C)increase the current ratio.
• D)do none of the above.

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Definitions:

Business Income

Revenue received from the sale of goods or services related to the day-to-day operations of a business.

Immigration

The action of moving to a foreign country to live permanently.

Pre-migration

The period before migration that involves preparation and decision-making processes by potential migrants.

Brain Drain

The migration of skilled professionals from one country to another, often for better career opportunities or living conditions.