33、Assume U.S. GAAP (generally accepted accounting principles) applies unless; otherwise noted. A company accrued wages of $2,000 and collected accounts receivable of $10,000. What are the most likely effects of these two transactions on the company's current ratio and cash flow from operations, respectively? | Current ratio | Cash flow from operations | A. | Increase | Increase | B. | Increase | Decrease | C. | Decrease | Increase | D. | Decrease | Decrease |
A. Answer A B. Answer B C. Answer C D. Answer D
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