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Accounting Questions:

Which is correct: If a firm borrowed money on a 6…

Complete Question Text:

Which is correct:
If a firm borrowed money on a 6 mo bank loan, the firm's working capital immediately after obtaining the loan, relative to its working capital just prior to the loan, would be:

-Higher
-Lower
-Same
-Depends on the amt borrowed

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Asked on Oct. 25, 2013, 11:16 a.m.
Brian C. Tutors Accounting + 5 others
Simon School of Business, University of Rochester 2013 - Master of Accountancy
219
"I have two years of tutoring experience with several leading tutoring companies with ratings exceeding 4.7/5.0. I have set..."

Same. This is because cash is increased increasing current assets by the same amount as the short term note. netting to 0

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