Re: ::: vuaskari.com ::: FIN622 ,, MCQ

Which of the following transactions affects the acid-test ratio?

 

Receivables are collected.

Inventory is liquidated for cash.

New common stock is sold and used to retire a debt issue.

A new common stock issue is sold and equipment purchased.

100%  sure

Mehar Adnan
MBA(F!NANCE)
 3rd semester
0321-7101998
 
Inspiration is like lightning; it strikes randomly and with powerful Force!! 

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