Which of the following events will cause a company's current ratio to rise?
a. The collection of an account receivable
b. Selling land for cash.
c. The discharge of an account payable by signing a short-term note payable
d. None of these choices.
b
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Furniture is high in credence qualities
Indicate whether the statement is true or false
________ provide the context in which the legal issue is to be resolved
A) Conclusions B) Assumptions C) Facts D) Deductions
Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $400,000. After mailing the letter, Elmer learns that the farm is actually worth $500,000 and changes his mind about selling. Elmer:
A) has made a firm offer to Fred which cannot be revoked. B) can revoke his offer at any time before acceptance, because there is no consideration to keep the offer open. C) must keep the offer open, because this is an option contract. D) is prohibited from revoking his offer to Fred under the doctrine of promissory estoppel.
Because political risk is seldom negotiable, it cannot be explicitly addressed in multinational corporate financial analysis.
Answer the following statement true (T) or false (F)