Question: Question 32 Which one of the following actions would decrease a firm's liquidity? a. Selling preferred stock and holding proceeds in the cash account b.

Question 32

Which one of the following actions would decrease a firm's liquidity?

a.

Selling preferred stock and holding proceeds in the cash account

b.

Reducing accounts receivable and buying bonds

c.

Selling machinery and using the proceeds to retire bonds

d.

Selling stock and reducing accounts payable

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