SRJ Corporation Entered into the Following Transactions

question 9

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 accrual of revenue.
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 accrual of revenue.
• D)Both the accrual of interest expense and the accrual of revenue.

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Definitions:

Business Plan

A detailed document outlining the strategy, objectives, and financial projections of a business, used for planning and seeking investment.