SRJ Corporation Entered into the Following Transactions: • the Accrual

question 83

Multiple Choice

SRJ Corporation entered into the following transactions: • The accrual of interest expense on a six-month note payable.
• Collected cash for services to be provided within the next six months.
• The reclassification of short-term debt to long-term debt.
Which of the above transactions resulted in a decrease in working capital?

• A) The accrual of interest expense.
• B) Collecting cash for services to be provided in the future.
• C)The reclassification of short-term debt to long-term debt.
• D)Both the accrual of interest expense and the reclassification of short-term debt to long-term debt.

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