Smith Corporation Entered into the Following Transactions: • Purchased Inventory

question 56

Multiple Choice

Smith Corporation entered into the following transactions: • Purchased inventory on account.
• Collected an account receivable.
• Purchased equipment using cash.
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Which of the transactions for Smith Corporation resulted in an increase in working capital?

• A)The inventory purchase on account.
• B)Collecting an account receivable.
• C)The purchase of equipment using cash.
• D)None of the transactions resulted in an increase in working capital.

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Definitions:

Calculated Field

In databases, a field that gets its value by performing a calculation on values in other fields.

PivotTable

A data summarization tool found in data visualization programs like Excel, which allows users to reorganize and summarize selected columns and rows of data.

Data Field

A basic unit of data storage that holds a single piece of information within a record or table in a database or software application.

Slicer Style

A feature in spreadsheet and data visualization software that applies aesthetic design to slicers, enhancing the interactive filter's visual appeal.