Which of the following transactions does not affect the quick ratio? - 3750

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 Which of the following transactions does not affect the quick ratio?

  1. Land held for investment is sold for cash.
  2. Equipment is purchased and is financed by a long-term debt issue.
  3. Inventories are sold for cash.
  4. Inventories are sold on a credit basis.

           

Solution Description

 Which of the following transactions does not affect the