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Smith Corporation entered into the following transactions: Purchased inventory on account. Collected an account receivable Purchased equipment using cash Which of the above transactions resulted
Smith Corporation entered into the following transactions: Purchased inventory on account. Collected an account receivable Purchased equipment using cash Which of the above transactions resulted in an increase in working capital? O A. The inventory purchase on account. O B. Collecting an account receivable. C. The purchase of equipment using cash D. None of these transactions resulted in an increase in working capital
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