Accounting for IGCSE & O level - Advanced Principles (Section 2 - No. 37)
Which of the following are examples of actions taken to improve liquidity?
Introduced new equity drove off $100,000 of current liabilities
Changed cash supplies saved the company $200,000
Sold off unused office furniture as net book value for $15,000
Issued a supplier payment from accounts payable $5000
Explanation
These actions involved cash or reducing liabilities.
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