SRJ Corporation Entered into the Following Transactions: • the Accrual

question 105

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 transactions for SRJ Corporation 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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Definitions:

Single Occupation

A specific job or profession characterized by a unique set of skills or qualifications, often within a wider industry or sector.

Representation Model

A framework in labor relations where employees choose individuals or groups, such as unions, to negotiate and communicate with employers on their behalf.

Multiple Industries

Refers to the diverse sectors of the economy, including manufacturing, services, agriculture, and technology, among others.

Unions

Organizations formed by employees to negotiate collectively with employers over wages, benefits, working conditions, and the rights of workers.