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The Acid-Test Ratio of a Firm Would Be Unaffected by Which

Question 78

Multiple Choice

The acid-test ratio of a firm would be unaffected by which of the following?


A) Accounts payable are reduced by obtaining a short-term loan.
B) Common stock is sold and the money is invested in marketable securities.
C) Inventories are sold for cash.
D) Inventories are sold on a short-term credit basis.

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