6. The current ratio for Company ABC is 1.5. Due to a change in accounting standards,
company ABC must now consolidate its qualified special purpose entity (QSPE). After
consolidation ABC’s current ratio will:
A. increase.
B. decrease.
C. remain the same.
LO.e: Analyze and interpret how balance sheet modifications, earnings normalization, and
cash flow statement related modifications affect a company’s financial statements, financial
ratios, and overall financial condition.
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