Which of the following will increase a companys current liabilities? 1. A company purchases a new truck

Question:

Which of the following will increase a company’s current liabilities?

1. A company purchases a new truck with cash.

2. A company receives cash from taking out a long-term loan.

3. A company collects half of its accounts receivable balance.

4. A company purchases inventory on credit.

5. A company purchases new manufacturing equipment with cash.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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