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| Depoole Company is a manufacturer of industrial products that uses a calendar year for financial reporting purposes. Assume that total quick assets exceeded total current liabilities both before and after the transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account.Depoole’s issuance of serial bonds in exchange for an office building, with the first installment of the bonds due late this year, Depoole’s issuance of serial bonds in exchange for an office building, with the first installment of the bonds due late this year, A. Decreases net working capital. B. Decreases the current ratio. C. Decreases the quick ratio. D. Affects all of the answers as indicated. |