Assuming a starting point of a 1:1 relationship, state the effect of the following transactions...
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Accounting
Assuming a starting point of a 1:1 relationship, state the effect of the following transactions on the current ratio. Use increase, decrease, or no effect for your answer. A. Collection of an accounts receivable. B. Declaration of cash dividends. C. Additional stock is sold for cash. D. Short-term investments are purchased for cash. E. Equipment is purchased for cash. F. Inventory purchases are paid for cash.
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