25. One way to decrease the current ratio is by collecting cash on accounts receivable buying equipment with cash selling inventory for cash d. issuing a. C. common stock for cash 26. The concept of verifiable says that accounting information should be neutral and a. realism b. relevance conservatism d. reliability C. 27. Consider this journal entry. Which statement is false? Sales Revenue 12-31-18 $150,000 37,000 19,000 Other Revenue Retained Earnings Cost of Goods Sold Expense Salaries Expense S, G & A Expense Income Tax Expense $115,000 42,000 29,000 20,000 expenses are more than revenues a. b. retained earnings is increased for the amount of net loss revenues will be $0 and expenses will be $0 after the closing process d. this is a closing journal entry C. 28. Assume Company S makes a credit sale to Company T. Which combination is true? Company T Company S a. Has accounts receivable, sales revenue//has accounts receivable, sales revenue b. Has accounts payable, inventory//has accounts payable, inventory c. Has accounts receivable, sales revenue //has accounts payable, inventory d. Has accounts payable, inventory//has accounts receivable, sales revenue 11t