Multiple Choice
The accountant at Abco, Inc. made an adjusting entry at the end of February to accrue interest on a note receivable from a customer. The effect of this entry is to:
A) decrease ROI for February.
B) increase ROI for February.
C) decrease working capital at February 28.
D) decrease the acid-test ratio at February 28.
Correct Answer:
Verified
Correct Answer:
Verified
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