Which one of the following events does not have any impact on total working capital?
A) The board of directors declares a cash dividend to be paid next month.
B) Warranty expense is accrued.
C) Payment of salaries previously accrued.
D) Debt which was previously long-term matures next year.
Correct Answer:
Verified
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A)creditors want a
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Q10: An employee of Susann Inc. failed two
Q10: Accounts payable typically arise because
A)cash is received
Q12: Net worth is
A)assets plus liabilities.
B)total income since
Q13: If a contingent loss is accrued, this
Q14: Short-term notes payable typically arise because
A) the
Q16: Which one of the following events increases
Q18: Deposits payable may arise because
A) cash deposits
Q19: Unearned revenue typically arises because
A) cash is
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