Selected Information from a Company's Balance Sheet Follows Working Capital Amounts to
A)$150
B)$130
C)$120
D)$100

question 19

Multiple Choice

Selected information from a company's balance sheet follows: $\begin{array}{ll}\text { Long-term debt } & \$ 40 \\\text { Retained earnings } & 30 \\\text { Current assets } & 150 \\\text { Property, plant, and equipment } & 60 \\\text { Common stock } & 130 \\\text { Currentliahilities } & 50\end{array}$
Working capital amounts to

• A)$150
• B)$130
• C)$120
• D)$100

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Definitions:

Businesses

Organizations engaged in commercial, industrial, or professional activities with the aim to generate earnings or profit.

Classes

Social categories reflecting differences in economic status, lifestyle, education, and occupational prestige among various groups within a society.

Apartheid System

A policy or system of segregation or discrimination on grounds of race, specifically referring to the former socio-political system in South Africa.

Social Stratification

The arrangement or classification of society into hierarchical layers based on socioeconomic factors like wealth, income, race, education, and power.