The Difference Between Current Assets of a Firm and Its

question 24

Multiple Choice

The difference between current assets of a firm and its current liabilities is called

• A)net tangible fixed assets.
• B)net working capital.
• C)gross working capital.
• D)net worth.

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Definitions:

Abstraction Process

In thought or analysis, the method of isolating or separating properties or qualities from concrete realities to consider them independently.

Personal Terms

These terms relate to aspects or items specifically associated with or pertaining to an individual.

Intimate Relationships

Deeply personal and close connections between individuals, characterized by affection, love, trust, and mutual support.

Social Solidarity

The sense of unity and mutual support within a society that makes social co-operation possible, often fostered through shared norms and values.