Question
Indicate the effect of each of the following transactions on cash and working capital. Use + to indicate an increase, to indicate a decrease, and
Indicate the effect of each of the following transactions on cash and working capital. Use + to indicate an increase, to indicate a decrease, and 0 for no effect. Cash Working Capital a. Collect accounts receivable ____ ____ b. Recognize depreciation expense ____ ____ c. Pay taxes payable ____ ____ d. Purchase fixed assets for cash ____ ____ e. Sell common stock ____ ____ f. Realize cash surrender value of officer's life insurance ____ ____ g. Increase deferred income taxes (long-term liability) ____ ____ h. Amortize of premium on bonds payable ____ ____
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