SRJ Corporation Entered into the Following Transactions: • the Accrual

question 72

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 an increase 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 reclassification of short-term debt to long-term debt and the collection of cash for future services.