TABLE 19.1 Use the Information to Answer Following Question(s)

question 52

Multiple Choice

TABLE 19.1
Use the information to answer following question(s) .
TrinityApps Corporation Balance Sheet December 31, 20xx
-Refer to Table 19.1. If TrinityApps increases inventory by $10,000 and A/P also by $10,000, the net change in NWC is:

• A)$20,000
• B)$10,000
• C)$0
• D)none of the above

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Definitions:

Independent Contractor

An individual or entity contracted to perform work for— or provide services to—another entity as a non-employee.

Vicarious Liability

A legal principle where one party is held liable for the actions or negligence of another party, often in employer-employee relationships.

Cost-Versus-Benefits

An analysis or comparison between the costs of an action and the benefits derived, used to evaluate the feasibility or value of a project or decision.

Organizational Activity

Actions or tasks undertaken by an organization in pursuit of its objectives.