If a firm borrowed money on a six-month bank loan the firms, Ask an Expert

Accounting

If a firm borrowed money on a six-month bank loan, the firm's working capital immediately after obtaining the loan, relative to its working capital just prior to the loan, would be:

A. Higher.

B. Lower.

C. The same.

D. Would depend on the amount borrowed.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941412

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