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MA-19. Changes in Working Capital Following is a list of typical financial, investing, and operating transactions. For each transaction indicate whether current assets, current liabilities,
MA-19. Changes in Working Capital Following is a list of typical financial, investing, and operating transactions. For each transaction indicate whether current assets, current liabilities, and working capital either increased, decreased, or are unchanged. Use the following column headings and relation: Current assets - Current liabilities Working capital Current assets Current liabilities Working capital Increased Unchanged Increased a. Sold capital stock for cash. Unchanged Unchanged Increased b. Purchased a building for cash Unchanged Decreased Unchanged c. Paid current liabilities with cash. d. Issued long-term bonds payable for cash. Decreased Unchanged Increased Increased Increased Unchanged e. Purchased inventory on account. Unchanged Unchanged f. Purchased a building site by issuing long-term bonds. Increased Unchanged g. Sold equipment for a cash amount equal to book value Decreased Increased Increased Unchanged Increased h. Sold treasury stock for cash. i. A long-term note matures next year is reported as a current payable at this year-end Unchanged Increased Unchanged
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