The current ratio of a firm would be decreased by which of the following?
A) Inventories are sold for cash.
B) Land held for investment is sold for cash.
C) Equipment is purchased, financed by a long-term debt issue.
D) Inventories are sold on a long-term credit basis.
D
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Which of the following is not a component of shareholders' equity?
A. ?Noncontrolling interest B. ?Residual capital C. ?Earned capital D. ?Contributed capital
Forbearance in the form of refraining from drinking or using tobacco for a specified time period
cannot be consideration to uphold a contract. Indicate whether the statement is true or false
A slack variable
A) is added to each ? constraint to facilitate the simplex process. B) is added to each ? constraint to facilitate the simplex process. C) is added to each ? or = constraint to facilitate the simplex process. D) is added to each = constraint to facilitate the simplex process. E) None of the above
Participative budgeting streamlines the budgeting process by reducing budget development time.
Answer the following statement true (T) or false (F)