If a company converted a short-term note payable into a long-term note payable, this transaction would: O decrease only working capital. o increase only working capital. O increase both working capital and the current ratio. decrease both working capital and the current ratio. stion 21 In which of the following transactions would it NOT be appropriate to recognize an isset in the financial statements O SGG pays $10,000 to a lawyer for services to be provided next year. O A customer of SGG makes a deposit of $1,500 for goods to be custom-made. O SGG receives a firm commitment from another company to purchase goods from SGG. O SGG provides services to another company, but will not be paid until after year end