Question
Ned Company had $375,000 in current assets and $150,000 in short-term debt before borrowing $70,000 from the bank on a 3-month promissory note. What effect
Ned Company had $375,000 in current assets and $150,000 in short-term debt before borrowing $70,000 from the bank on a 3-month promissory note.
What effect did the borrowing have on Ned Company's amount of working capital?
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
