Declaration of cash dividend causes and the current ratio

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Reference no: EM131255217

Declaration of a cash dividend causes:

a. an increase in stockholders' equity

b. an increase in cash

c. an increase in liabilities

d. None of the above

The current ratio is:

a. quick assets divided by current liabilities

b. assets divided by liabilities

c. current assets divided by current liabilities

d. net sales divided by by current liabilities

When the contract rate of interest on bonds is equal to the market rate of interest, bonds sell at:

a. a premium

b. their face value

c. their maturity rate

d. a discount

Reference no: EM131255217

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