An increase in any current asset must be accompanied by an equal increase in some current liability.

Name: An increase in any current asset must be accompanied by an equal increase in some current liability.
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Question

Quizplus · Accepted Answer

An increase in a current asset can be funded through sources other than current liabilities, such as long-term liabilities or equity. Thus, an increase in any current asset does not necessarily require an equal increase in some current liability.

An Increase in Any Current Asset Must Be Accompanied by an Equal