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State the effect of the transaction on the current ratio

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Reference no: EM132513550

Question 1: State the effect of the following transaction on the current ratio. Use increase, decrease, or no effect.

  1. payment of an account payable
  2. collection of accounts receivable
  3. decleration of cash dividends
  4. payment o f cash dividends
  5. payment of share dividend
  6. additional shares are sold for cash
  7. short term investments are purchased for cash
  8. equipment is purchased for cash
  9. inventory purchases are made for cash
  10. office supplies purchased on account
  11. invested cash in long term bonds
  12. payment of employee salaries arrears
  13. sold inventory for cash
  14. inventory sold are returned to the warehouse for cash refund

Reference no: EM132513550

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