Net Operating Working Capital Is Defined as Operating Current Assets

question 126

True/False

Net operating working capital is defined as operating current assets minus operating current liabilities..

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Definitions:

Actual Authority

The express and implied powers given to an agent by a principal, allowing the agent to act on behalf of the principal.

Conduct

The manner in which a person behaves, especially in a particular place or situation.

Unauthorized Contract

An agreement made by a person who does not have the legal authority to do so on behalf of a party.

Ratifies

The act of formally approving or confirming a decision or agreement, making it officially valid.