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What effect did the borrowing transaction have

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Question - Nord Company had €375,000 of current assets and €150,000 of current liabilities before borrowing €70,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of Nord Company's working capital?

a. No effect

b. €70,000 increase

c. €140,000 increase

d. €70,000 decrease

Reference no: EM132756812

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