Which of the Following Transactions Does NOT Affect the Quick

question 45

Multiple Choice

Which of the following transactions does NOT affect the quick ratio?

• A) Land held for investment is sold for cash.
• B) Equipment is purchased and is financed by a long-term debt issue.
• C) Inventories are sold for cash.
• D) Inventories are sold on a credit basis.

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Definitions:

Enlightened Self-interest

The understanding that one's own best interests are served by considering and acting towards the well-being of others.

Listening Errors

Mistakes made in the process of listening, which can include misunderstanding, misinterpreting, or overlooking important details.

Body Language

The non-verbal communication conveyed through physical behaviors such as gestures, postures, and facial expressions.

Tone of Voice

The perceived character or attitude conveyed in written or spoken communication, affecting how the message is received.