Question: What would be the direction of the effect of the

What would be the direction of the effect of the following transactions on the following ratios (+ for increase, — for decrease, and NE for no effect)? Consider each item independently. a. Repaid principal of $2,000 on a long-term note payable with the bank.
b. Recorded rent expense of $100 paid for incash.

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  • CreatedJuly 01, 2014
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