A Firm Paid Out a Dividend of $700,000 and Repaid

question 58

Multiple Choice

A firm paid out a dividend of $700,000 and repaid $1,000,000 notes payable.The net effect of these transactions on the firm's net working capital is:

• A)Decrease of $1,700,000
• B)Decrease of $1,000,000
• C)Decrease of $700,000
• D)Decrease of $300,000

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