Which of the following transactions would result in an increase in the current ratio?
A)Collection of cash from an account receivable.
B)Selling shares of stock to stockholders in exchange for cash.
C)Purchasing a building with cash.
D)Declaration of a cash dividend by the board of directors.

Question

Quizplus · Accepted Answer

The Answer of Which of the following transactions would result in an increase in the current ratio?
A)Collection of cash from an account receivable.
B)Selling shares of stock to stockholders in exchange for cash.
C)Purchasing a building with cash.
D)Declaration of a cash dividend by the board of directors.

Which of the Following Transactions Would Result in an Increase