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Smoltz Co..had 375,000 of current assets and 135,000 of current liabilities before borrowing 90,000 from the bank with a 3 month note payable. What effect
Smoltz Co..had 375,000 of current assets and 135,000 of current liabilities before borrowing 90,000 from the bank with a 3 month note payable. What effect did the borrowing transaction have on the amount of Smoltz Co. working capital?
a none
b 90,000 increase
c 135,000 increase
d 90,000 decrease
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