4. Which of the following transactions causes an increase in working capital? a. Sale of merchandise on credit at a price above cost. b. Sale of marketable securities at a price below cost. c....

4. Which of the following transactions causes an increase in working capital?

a. Sale of merchandise on credit at a price above cost.

b. Sale of marketable securities at a price below cost.

c. Collection of an account receivable.

d. Return to supplier of defective merchandise purchased on credit. Full credit allowed by supplier.

Jun 07, 2022

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