Multiple Choice
Use the following information for questions
Cooney Corporation had $275,000 in current assets and $105,000 in current liabilities before borrowing $75,000 from the bank for a 6-month period.
-What effect did the borrowing transaction have on the amount of Cooney's working capital?
A) No effect
B) $75,000 increase
C) $105,000 increase
D) $75,000 decrease
Correct Answer:
Verified
Correct Answer:
Verified
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