When a company accrues federal income taxes at the end of the accounting period,:
A. Its acid-test ratio increases.
B. Its current ratio increases.
C. Its debt to equity ratio decreases.
D. None of the above is correct.
Answer:D
When a company accrues federal income taxes at the end of the accounting period,:
A. Its acid-test ratio increases. B. Its current ratio increases. C. Its debt to equity ratio decreases. D. None of the above is correct.