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Jamison Corporation entered into the following transactions: Purchased inventory on account. Collected an account receivable. Purchased equipment using cash. Which of the following statements
Jamison Corporation entered into the following transactions: Purchased inventory on account. Collected an account receivable. Purchased equipment using cash. Which of the following statements about Jamison's transactions is correct? Multiple Choice Collecting an account receivable increases working capital. The equipment purchase decreases working capital. The inventory purchase on account decreases working capital. The inventory purchase on account increased working capital.
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