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