Ned Company had $375,000 in current assets and $150,000 in short-term debt before borrowing $70,000 from the

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Ned Company had $375,000 in current assets and $150,000 in short-term debt before borrowing $70,000 from the bank on a 3-month promissory note.

What effect did the borrowing have on Ned Company's amount of working capital?

Related Book For answer-question

Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Posted Date: Jun 26, 2023 08:54 AM

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Ned Company had $375,000 in current assets and $150,000 in short-term debt before borrowing $70,000 from the

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Auditing a risk based approach to conducting a quality audit

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